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For Capitalization what is Best criteria

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(Querist)
13 February 2022 For capitalization assets useful life should be more than 1 Years,
Above Rs. 5000 should be capitalized and Below Rs. 5000 should be charged in revenue expenses.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
14 February 2022 Yes, this will be best criteria.

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