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Allowability of expenses

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(Querist)
14 August 2014 Whether hard disk purchased for computer can be claimed as revenue expenses? or it should be added to the already in use computer under fixed assets and claim depreciation?
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
14 August 2014 If it's value is less than 5000, you may write off as expenses in the year of purchase.
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
14 August 2014 If it's value is less than 5000, you may write off as expenses in the year of purchase.
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ashok bhurani

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ashok bhurani (Querist)
15 August 2014 Mr. Umesh let me know on what basis or under which section I can write of the amount if it is less than 5000/-
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
16 August 2014 It is general accounting principle.
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
16 August 2014 It is general accounting principle.

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