Depreciation on rented asset

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 March 2017 Dear Experts,
I had purchased the laptops for business purpose on which i had claimed the depreciations also. But i have given some laptops on rent. So pls clarify can i avail the depreciation on rented laptops or not

Regards
Mukul Jain

Ruchi

Ruchi (Expert)
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17 March 2017 Yes, you can avail depreciation on rented laptops. Here , you must show the rent receipts on laptops in your income also.

Querist : Anonymous

Querist : Anonymous (Querist)

17 March 2017 Mam, thank you for your valuable inputs,

pls clarify :- is it mandatory to affix the Rs. 1 revenue stamp on rent receipt of laptops since the rent is exceeding 5000,

also clarify if revenue stamp is not affix then what 's the possibility of consequences........

Thanks In Advance........