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Above Rs. 5K should be capitalised

This query is : Resolved 

29 October 2023 whether above Rs. 5K should be capitalized.
And while payment in cash whether revenue stamp is required to affix on payment Rs. 5K. on payment voucher.

30 October 2023 No... If salary then required.

30 October 2023 Capitalisation rules changed, plant and equipment life more than one year has to be capitalised.
Depending upon the size of the company value for capitalisation can be decided.




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