are they fixed assets?

it depends whether they are held in business for running the affairs of the company and they are bought  with the intention of not to sale the same. if not then they are current assets.

thanx 4 replying....

Tools & dies are fixed assets and depreciation should be claimed theron.

It depends on following factors:

1) Purpose- wether for sale or for utlising in b/s like for production, processing etc.

2) Life- if less than 1 yr then it should be charged to P&L A/c

3) If value is less than Rs. 5,000 then charged it to P&L A/c