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expenses capitalize limit

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(Querist)
16 March 2011 Machinery cost 5000000
repair after six month Rs. 56000/-
It should be capitalize? what' the limit?
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
16 March 2011 repairs capitalized only when it increase economic benefits of machine or use full life of machine.
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
16 March 2011 yes agreed,
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