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revenue or capitalised

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(Querist)
26 June 2009 sir,

1.We purchase the m.s pallets which use in put the final product in this pallet
2. we also purchased the pallet truck for
pallet movement ( say trolley)

whether it will be capitalised or revenue???
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CA Kartik Pandya

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CA Kartik Pandya (Expert)
26 June 2009 According to the nature of the item it should be capitalised both m.s. pallets as well as pallet truck.

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