banner_ad

Income tax

This query is : Resolved 
Profile Image

Profile Image

(Querist)
04 June 2015 We are manufacturing pvt. ltd. company. we have purchased a Motor by Rs.30,000/- as the previous one was damaged.

Can we capitalised the above motor or show as repair & maint. of machinery? This type of transactions always made. What practice we have to make?

Can we take cenvat Credit of Excise duty on the same?


Please advise me.
Profile Image

Amol S Joglekar

Profile Image

Amol S Joglekar (Expert)
04 June 2015 It should be capitalised. Do not show as repairs and maintenance.
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
05 June 2015 yes you can take cenvat and take as addition for that.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details