Classification of Tangible Fixed Assets under ICDS-V guides determination of actual cost for capitalisation and depreciation purposes. ICDS-V provides guidance on classifying an item as a tangible fixed asset and on computing the actual cost of such assets, specifying which acquisition and directly attributable expenses are to be capitalised and the basis for recognising capital expenditure for depreciation and tax reporting purposes.
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Provisions expressly mentioned in the judgment/order text.
Classification of Tangible Fixed Assets under ICDS-V guides determination of actual cost for capitalisation and depreciation purposes.
ICDS-V provides guidance on classifying an item as a tangible fixed asset and on computing the actual cost of such assets, specifying which acquisition and directly attributable expenses are to be capitalised and the basis for recognising capital expenditure for depreciation and tax reporting purposes.
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