Valuation of fixed assets
This query is : Resolved
21 June 2015
How to evaluate a new purchased car, is insurance exp.will be part of capital exp. Or it will be treated as prepaid for the period of after 31st march 15.
22 June 2015
dear capitalize the expense of first insurance.
22 June 2015
no its revenue exp. you have to take according to the period.
23 June 2015
plz make sure.. what will be the exact valuation and treatment for the exp.
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
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- Banking Related Issue
- Average Cost Of High Quality Diamonds
- TDS offline utility
- Due Date Clarity
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- IT returns for fresh job holders
- Rent claimed on building given on permissive possession basis
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
