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Capitalisation of asset below the company threshold

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 December 2011 Hi,
I have a query on capitalisation of asset below the Company threshold

Eg: The Threshold set for capitalisation by the Company is $5000. Should the printer purchased for $2000, be capitalised or written off to the P & L account (SOCI)
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CA Mahesh Vekariya

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CA Mahesh Vekariya (Expert)
21 December 2011 Dear,

It is optional for capitalization of assetup to Rs.5000. You have also take in account the provision of the Income tax , Act 1961. Hence You can capitalize the printer.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
20 July 2023 "Sorry, I am not a featured member."

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