Hi,
I would like to know if the below scenario is eligible for deductions under business income-
Scenario :
I would purchase a computer, UPS, other accessories and broadband(pre-paid, 1 year plan) during Feb-March 2015 for a certain business that I would be starting.
Would it be possible for me claim deductions for the purchase of these assests in the financial year 2015-2016, if the tax is filed under the head of business income (Assuming, I have not claimed this in FY 2014-1015) ?
Will I be able to claim the full amount paid for these assess as deductions or a part of it?
Thanks for the help.