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Fixed assets exceeding 5000

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(Querist)
11 September 2014 Dear sir, Fixed assets exceeding 5000 provision applicable to partnership firm
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
11 September 2014 No. It was only for Companies under Companies Act 1956. In new Companies Act 2013 this provision is not there.
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CA Devanand Jethanandani

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CA Devanand Jethanandani (Expert)
11 September 2014 Agree with the learned expert....
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