A Pvt Ltd Co. Purchased a Television worth Rs 120000/- which is installed in Directors cabin, wether the same should be shown as Fixed Assets under office Equipments or it should be expensed out?
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Fixed asset or expenditure
Replies (3)
you should capitalised it as office equipments
Should be shown as Office Equpiments under Fixed Assets..
Definately, it will be capitalised.Refer Section 37(1)
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