Capitalisation of Motor Vehicle
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 October 2010
We are pvt ltd company.
We have bought TATA ACE for transporation of our material.
We have purchased vehicle in the name of our managing director.
Can we capitalise it in our company book? what procedure we have to follow?
Kindly guide me.
Thanks in advance.
We have bought TATA ACE for transporation of our material.
We have purchased vehicle in the name of our managing director.
Can we capitalise it in our company book? what procedure we have to follow?
Kindly guide me.
Thanks in advance.
CA Navin Jain
(Expert)
01 October 2010
u can not capitalized
Hemu Kapoor
(Expert)
01 October 2010
In my opinion it can be done by reissue of the same invoice after cancellation of the previous one ... if possible.
Correct me if I am wrong..
Regards.
Correct me if I am wrong..
Regards.
Ram Avtar Singh
(Expert)
01 October 2010
company name is not on invoice so you can not capitalize in company.company is a artificial person not ralated to director.
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