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MVAT reduction on furniture & Fixture

This query is : Resolved 
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(Querist)
15 January 2011
please let me know the % of MVAT reduction on furniture and fixture
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Ravikant

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Ravikant (Expert)
15 January 2011 If office furniture and fixtures are treated as capital asset then there is reduction of 3% of corresponding Purchase Price (Not to apply in case of leasing business)
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