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Fixed assets

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(Querist)
26 April 2018 There are any limit regarding Fixed assets considered as expense or Capitalized as per current law?
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RAJA P M

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RAJA P M (Expert)
26 April 2018 Your query is not cleared... Elaborate your query again...
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
26 April 2018 There is no such limit now, but company can fix an amount ( like less than 5,000 in
the erstwhile Companies Act ) to be treated as revenue expenses and that policy
should be followed consistently.
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