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Fixed assets capitalisation-as 6

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 July 2012 Would you please advise me whether....Companies Act emphasizes upon the fixed asset-ready-to use" concept while, tax law talks about the "put-to-use" concept.

Seeking confirmation for the above.
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Naresh Kansala

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Naresh Kansala (Expert)
02 August 2012 Yes u r right

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