Fixed asset Capitalisation policy

This discussion seeks clarification on the latest provisions within the Companies Act and IND AS regarding the fixed asset capitalisation threshold. The user is inquiring whether a company can establish a policy to capitalise assets with a unit cost of INR 10,000 or INR 15,000, and what specific provisions apply. They are considering increasing their current threshold from INR 5,000 to INR 10,000 and need guidance on its permissibility under Indian company law and accounting standards.