Note counting machine
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 July 2013
Hi, I wanted to know whther note counting machine is considered as fixed asset and tht its vat can be claimed or not..
thanks
thanks
CMA Ramesh Krishnan
(Expert)
11 July 2013
If it is cost more than Rs.5000 then capitalise, otherwise can be charged off as expenses
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