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Regarding capitalisation

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 June 2015 if any particular assets is purchased, whose acquisition cost is less than Rs.5000 and bill is different, than it should capitalized or not?

For eg:- If Furniture Value as on 01/04/2014 is Rs.500000, and during the year 2014-15 another furniture is purchased for Rs.2000, now Rs.2000 should capitalized or not?
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Ankur Singhal

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Ankur Singhal (Expert)
17 June 2015 Its is very minor case
Its depend on your own opinion.
If you capitalize or not it hardly matters
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
17 June 2015 Yes it must be capitalised.................
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