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Writing off of asset

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(Querist)
30 December 2010 As per the provisions of Companies Act, the assets costing upto 5000/- are to be written off to profit & loss account in the same year. Whether there is any amendment to this limit of Rs. 5000/- ?
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
30 December 2010 No amendment.

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