Lost job in 2022, bought a laptop to start freelancing. Can deduction be claimed?

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Lokesh (Querist)
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06 July 2023 Job loss occured in 2022 and started freelancing. For that purpose, bought a laptop. Registered on freelance platforms, by giving PAN and other relevant details. The income received from these platforms deduct TDS. However, no freelance income has been received till 31st March, 2023. Can the laptop be claimed as a deduction? Which ITR should be filed?

Only income for FY22-23 is salary till the day of job loss.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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06 July 2023 File ITR 3, declare business loss and carry forward it for next FYs.
You can claim depreciation over laptop.

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Lost job in 2022, bought a laptop to start freelancing. Can deduction be claimed?

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