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Capitalization

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(Querist)
22 August 2014 We purchase car 21st Feb Thereafter we bullet proofing the car on 31st march.it value is 3800000 can we capitalize it book as expense please advice
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
22 August 2014 Expenses on making the Car bulletproof should be capitalized along with the Cost of the Car.
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subhendu mishra

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subhendu mishra (Querist)
22 August 2014 Sir,
Please give me detail ground because our auditor advice to booked it as expense




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