I have bought a car last year 14 Lakh. So Fixed Asset - CAR stands at 14 Lakh. I have take a loan for 7 Lakh. This FY insterest component on this is around 50K. So I can add loan interest to Car make it 14.5 Lakh.
Tripathy (Proprietor) (55 Points)
04 April 2024I have bought a car last year 14 Lakh. So Fixed Asset - CAR stands at 14 Lakh. I have take a loan for 7 Lakh. This FY insterest component on this is around 50K. So I can add loan interest to Car make it 14.5 Lakh.
RAJA P M
("Do the Right Thing...!!!")
(127325 Points)
Replied 04 April 2024
sabyasachi mukherjee
(26195 Points)
Replied 05 April 2024
RAJA P M
("Do the Right Thing...!!!")
(127325 Points)
Replied 05 April 2024
| Originally posted by : sabyasachi mukherjee | ||
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All expenses incurred in bringing the asset to its normal condition is chargeable to the asset. |  |
Mr Sabyasachi Mukherjee,
Please avoid such stupidity...
CAclubindia
