Poonawalla fincorps
Poonawalla fincorps

Fixed assets recognition.

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 September 2015 Dear Experts,


Please tell me what the minimum amount to fixed assets recognition,

We have furniture of value 8000/- can we recognize thous as Fixed Assets as Per AS-10 and also consider Income tax and Companies Act.
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CA AnKiT BoHrA (AB)

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CA AnKiT BoHrA (AB) (Expert)
23 September 2015 yes it must come under FA........

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