As 10
This query is : Resolved
01 December 2012
HOW IS THE TREATMENT OF VEHICLE INSURANCE WHILE PURCHASING A BRAND NEW CAR.?
SHOULD THE INSURANCE AMOUNT BE CAPITALISED(ADDED WITH THE COST OF THE CAR) OR TREATED AS EXPENSE, PROVIDING FOR PREPAID INSURANCE?
IS THE FACT 'THAT THE CAR CANNOT BE USED WITHOUT INSURING IT' RELAVANT HERE?
SHOULD THE INSURANCE AMOUNT BE CAPITALISED(ADDED WITH THE COST OF THE CAR) OR TREATED AS EXPENSE, PROVIDING FOR PREPAID INSURANCE?
IS THE FACT 'THAT THE CAR CANNOT BE USED WITHOUT INSURING IT' RELAVANT HERE?
01 December 2012
The initial insurance expense shall be capitalised.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- TDS related Query_Liquidated Damages
- Soyabean hsn code and gst rate
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Long Term Service award taxability in hands of company
- Last year TDS Claim
- LTCG for Assmt year 26-27
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
