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pooja item of silver and gold

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(Querist)
12 August 2009 how are the pooja item of silver and gold treated are they shown as fixed asset or as invwestments ?
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C.A Rohit Gambhir

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C.A Rohit Gambhir (Expert)
12 August 2009 This depends upon the motive for which they are purchased. If they are purchased for temple in the premises then fixed asset if the intention is to sell when the prices will go up then investment.

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