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02 January 2014 Asset purchase below 5000 should not be capitalised under Income tax act?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
02 January 2014 there is no such provision in income tax act...asset with 100 rs also needs to be capitalise provided it fulfills condition of being asset.
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