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Rc charges of vehicle

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(Querist)
25 March 2014 i am doing a bank audit.. the bank donot capitalise the RC charges of vehicle...is there an case law ..or judgement regarding it
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
25 March 2014 rc charges is not to be capitalise..............
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
25 March 2014 RC charges should always be capitalised...not only this insurance cost paid for the first year also needs to be capitalised.
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