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Problem itr

rajeev (nnnone) (224 Points)

13 April 2014

Dear friends, I want to take car loan and the bank asked me 2 previous years itr , I want to know can I file and can I claim depreciation on laptop and PC, does an itr need to be signed by ca and which itr should I file.

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4 Replies

Madav (Senior Consultant) (172 Points)
Replied 13 April 2014

You can file ITR for AY 2014-15 (FY 2013-14) by 31st July 2014 , you can also file a belated return for AY 2013-14(FY 2012-13) till end of march 2015.

Claiming depericiation on laptop etc are available only if you are pursuing business using the named assets during the year for which you are filing the return.

Go through the https://www.incometaxindia.gov.in/download_all.asp to find out which ITR you should file, if you have any question then please reply back to this post with the detail about what all sources of income you have then I can point you to the correct form.

Rgds,

Madav

CA Raj Doshi (Practising CA) (8797 Points)
Replied 13 April 2014

You need an ITR signed and stamped by a CA. You can claim depreciation only if the above assets are used for the purpose of business. I suggest not to file return yourself because one single mistake and you cannot rectify the same as you will be filing the return late. Please take the services of a Ca and stay tension free.

Arun Kumar Pathak (Steno) (21 Points)
Replied 14 April 2014

There is no problem in filing itr for ay 2013-14 & 2014-15. However i suggest u to kindly make sure in future that ur itr must be filed in time. as u takes care of ur health take care of ur wealth well in advance.