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Fixed asset valuation

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(Querist)
30 September 2014 Registration Charges and Insurance Charges on date of Purchase of a Vehicle includes in the Cost of that Vehicle or not. anyone clarify my doubt.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
30 September 2014 Yes. first time payment of registration and insurance while purchase it will be form part of cost of vehicle

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