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Income tax

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(Querist)
27 April 2012 dear sir /madam,
can depreciation provide on calculator @15%.it is revenue or capital expenditure
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Vivek Mehta (CA, DISA,CS, MBA)

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Vivek Mehta (CA, DISA,CS, MBA) (Expert)
27 April 2012 You can fully write off the Calculator expenses as the consumables and miscelaneous expenditure and thus claim of the same shall be admissible under section 37.
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CA Prashant Gupta

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CA Prashant Gupta (Expert)
27 April 2012 ya, you can do so.




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