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Capital goods

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(Querist)
22 December 2018 Hi,
Actually what all are capital goods? whether only machines for the production or all kind of fixed asset which is purchased by the assessee?

Please clarify on this.
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Udaya Chandran

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Udaya Chandran (Expert)
24 December 2018 According to section 19, capital goods means the goods which are capitalized in the books of accounts.
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