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Depreciation

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(Querist)
22 November 2011 Is it necessary to capitalise Name board/ Sign Board. The cost is around 1 lakh.
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CA Prashant Gupta

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CA Prashant Gupta (Expert)
22 November 2011 all facts not clear.
if this is for new company then it can be capitalised. but if it is for sales & Mkt then it will be revenue exp.

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