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28 July 2011 in which head printer captilized

28 July 2011 Under the Head Computer as Fixed assets.

29 July 2011 Dear Atul,

The question relates to which law. Companies Act, 1956 or Income Tax Act, 1961.




29 July 2011 Both ones. Computer includes Computer items like computer software, Printer.

29 July 2011 Dear Praveen,

Computer software are to be treated seperately under Companies Act, 1956 as intangible assets and are to be written off over a period of maximum upto five years.

Printer as already suggested by experts, is to be capitalised along with computer under companies act as well as under income tax act.

29 July 2011 Under all the acts the Fixed Assets has to be capitalised.



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