Depreciation


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Querist : Anonymous

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Querist : Anonymous (Querist)
15 April 2014 I am a retired person , having pension income. My total taxable income for f.y.2013-14 is going to be beyond the tax exemption limit. The total taxable income, after all taxfree investment u/s 80 c , is 2,08,768. ( I am male.)

Can I take deduction regarding the depreciation on my bike, telivision, refrigerator, and furniture ?

I have not calculated or claimed any depreciation on any of these assets, in any of the previous i.t.returns.
And I have not bills/invoices of. furnitures.

What should i do? Please,help.


Rupesh Jain (Expert)
15 April 2014 under pension income or business income

you cannot claim the depreciation .

under business only available if you are using for business purposes.

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 April 2014 it means..that whatever. total income i get in the f.year, tax is to be paid on that whole amount, without deducting. my any expense from it. ( to the extent it is beyond exemption limit) No any type of deduction of depreciation is available to the salaried or pension based person.

Is it like that?



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Querist : Anonymous

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Querist : Anonymous (Querist)
15 April 2014 it means..that whatever. total income i get in the f.year, tax is to be paid on that whole amount, without deducting. my any expense from it. ( to the extent it is beyond exemption limit) No any type of deduction of depreciation is available to the salaried or pension based person.

Is it like that?



Rupesh Jain (Expert)
15 April 2014 no deduction allowed

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 April 2014 thank you Mr. Rupesh Jain.


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