30 June 2008
Is there any rule or guidline which says that if actual cost of an asset is less than Rs 5000 than it shud be charged to P & L Account instead of capitalising it.
30 June 2008
Schedule XIV, Note 8 8. Notwithstanding anything mentioned in this Schedule depreciation on assets, whose actual cost does not exceed five thousand rupees, shall be provided depreciation at the rate of hundred per cent:]
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