MVAT reduction on furniture & Fixture

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sandesh tare

sandesh tare (Querist)
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15 January 2011
please let me know the % of MVAT reduction on furniture and fixture

Ravikant

Ravikant (Expert)
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15 January 2011 If office furniture and fixtures are treated as capital asset then there is reduction of 3% of corresponding Purchase Price (Not to apply in case of leasing business)

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MVAT reduction on furniture & Fixture

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