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New vehicle ( car purchased for company )

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(Querist)
06 February 2019 sir , We have taken new car purchased and additional Expenses paid of Rs 75000/- ( like a panting & Set Cover ) where is the show the Expenses of Rs 75000/- P&L or BS , Kindly clarify .

Thanking youuu
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CA Shiv

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CA Shiv (Expert)
06 February 2019 You can capitalise the amount as you spent at the time of purchase.

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