Car tyre expenses nature
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 September 2014
Dear Experts,
ABC LTD have a Car purchased 2 years back AND today incurred Rs. 9000 for its new tyre purchase,I want to know that said expenses fall in which category whether it is a revenue expenditure or its a capital nature expenses.
Thanks
ABC LTD have a Car purchased 2 years back AND today incurred Rs. 9000 for its new tyre purchase,I want to know that said expenses fall in which category whether it is a revenue expenditure or its a capital nature expenses.
Thanks
09 September 2014
It is revenue expenditure under exp. head of 'Vehicle Expenses'
Message likes :
1 times
09 September 2014
Revenue expenditure. You can show it as vehicle expenses as suggested by Learned Expert or Repairs to vehicle.
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
- House Property Reporting in ITR
- Refund Annexure-B
- TDS Claim year
- Liable to deduct tds and 44ADA
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Rent lease agreement
- REGARDING SECTION 44AE
- Internship/Academic shown in Salary Pay Slip of a Doctor
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
