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Laptop for Partner in Partnership Firm Expense or Asset

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29 March 2021 I am a partner of a partnership firm. Just purchased a laptop for office use. Do I have to capitalize it as an asset or book as an office expense? Would it be improper if I would like to book it as a tax deductible office expense thereby utilizing the input credit in the same month of purchase?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
30 March 2021 Capitalise it as an asset.
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