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Car insurence is revenue or capital exp.

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 October 2016 Dear Experts,
I have shown car in assets and i have paid Rs. 5670/- for this car insurence please clarify weather this car insurence is revenue or capital expenses,

Regard
Sunil
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CA SAGAR M. AHUJA

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CA SAGAR M. AHUJA (Expert)
18 October 2016 It is revenue expenditure.
Thanks.
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