Dear sir;
vehicle registration charges is expenditure or Fixed Asset ????
CMA Poornima Madhava
(CMA)
(13097 Points)
Replied 15 August 2021
It is a part of cost of the vehicle and hence an asset.
CA. Sourav Sarkar
(Chartered Accountant )
(24578 Points)
Replied 17 August 2021
Ankit Neema
(2742 Points)
Replied 17 August 2021
CMA Poornima Madhava
(CMA)
(13097 Points)
Replied 18 August 2021
| Originally posted by : Sourav | ||
 |
But maan registration charges will be treated as an expenditure na?? |  |
As I understand, all the costs associated in bringing the asset to operation is part of acquisition. In this case, since the vehicle cannot run without being it registered, it is a part of cost of acquisition.
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