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Insurance on purchase of new car

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M.M.SURANA (Director -Taxation ) (532 Points)
Replied 12 April 2009

Mr. Arror , Your question is not related with this topic, I have given my opinion on your matter  in resoponse to tally entry.

Surana, Chennai

9952967237



CA Devanshi Gandhi (Ajani) (FCA DISA Mcom CIFRS & LLB)   (9058 Points)
Replied 12 April 2009

it should be capitalised


CA Lovenish Bansal (JOB) (343 Points)
Replied 21 April 2009

It will be capitalised as per AS-10


chintan mehta (Chartered Accountant) (445 Points)
Replied 23 April 2009

any expenditure incurred before the vehicle is put to use should be capitalised


Rupesh Jha (M.Com CA PhD* and MBA*)   (1116 Points)
Replied 24 April 2009

YES IT SHOULD BE CAPITALISED AS PER AS-10.




Tharish V (Student) (988 Points)
Replied 26 May 2009

 yes, they have to be capitalised....



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