Sir,

Recently a new car purchased by the company and payments made for the following aspects as per invoices raised
But, what should be the value of the car to be considered in books

1) Purchase cost
2) Insurance Charges
3) Registration Charges
4) Insurance Charges
5) Hypothecation charges, Processing Fees
6) Front & Back Sensors
7) TCS amount

I am aware that only amounts for car is to be considered in books (including initial insurance charges)
but have doubts on Hypothecation charges, payment for Front & Back sensors and TCS being our reimbursement

Plz help and also inform the amounts being admissible to be taken as value of assets (car in my case) for taxation & depreciation purpose.

Thanks in Advance

Regards

Tribhuvan

hi,every can any one suggest me about following issue,

one of the company is opening a branch in secunderabad and it took a premises on rent and its changing interior of such premises as per its requirement and adding all cost to deemed building
issue is ,it ordered furniture for installation in its office but it received early so it took a go down for rent to store such furniture till it can install in its premises can the rental charges paid be added to cost of deemed building?
what if that company is not treating the entire cost as deemed building but accounting each and every installation as separate asset,can we add rental expenses to cost of furniture?
if not how to account such rent?

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1)Accrued Interest on FD (current Asset) .... Rs. 14384/-
To Interest Received on Fd..... 14384/-

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