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Fixed assets

This query is : Resolved 
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(Querist)
27 July 2012 Water tank..under wchich of head it should be shown in Fixed asstes??
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CA Mahesh Vekariya

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CA Mahesh Vekariya (Expert)
27 July 2012 Dear Kamat

It is depends upon the case..

Like if water tank is constructed with help of cement and concrete than it is a part of building and if it made from plastic (Sintex)and company purchase is to store the water than you can show it under fixed asset head.
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