Capitalise it or not

This query is : Resolved 

29 July 2012 dear all,
i purchased a capital asset for 25,00,000/-.
now the bill i received is inclusive of:-
-machine value
-vat
-freight

but these items are not shown seperately in the invoice i.e 25,00,000/- is inclusive of all these items.

so my query is whether should i claim freight of 1,00,000/- as an expense or consider it to be in machine cost i.e to capitalize the whole amount??
(the supplier had provided me the copy of bilty from which i came to know how much is the freight paid by the supplier)

29 July 2012 capitalise whole amount.

30 July 2012 thanx expert...

sir, now some variation in my query...
the capital asset is a crane which has been directly sent at the site of construction.
the service receiver has reimbursed me rs75,000/- out of rs 1,00,000/- as mentioned above.
now will this 75,000/- would form part of my income since i m claiming dep on rs 1,00,000/- freight by capitalising it as u suggested??

or will there b some better compliances or technique to do it??

thanx once again

31 July 2012 Capitalise costs net of reimbursements.

Exclude cenvatable duties which will be offset against company's obligations on sales.


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