Purchase of lap top for business use but payment from credit card of my son
This query is : Open
Quick Summary
17 May 2022
I am purchasing lap top online in my proprietorship firm and payment is made by my son's credit card. Will i be able to claim ITC AND DEPRECIATION? PLEASE CLARIFY?
17 May 2022
Pl clarify? What will be the impact on availing ITC?
17 May 2022
Yes you can claim ITC, show the amount paid for laptop by your son as creditors
17 May 2022
Can i pay the amount by bank transfer to my sons ac and show the amount as paid for laptop payment
17 May 2022
Can I pay the amount in cash of Rs60000/?
17 May 2022
Please give me the payment options also?
22 May 2022
You can pay by bank transfer
22 May 2022
Shall I pay by bank transfer to my son and show that payment made fot laptop A/C.pl send entry and narration in details.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- Taxable or Tax exempt
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- TDS Deducted AY-2013-14 Not Reflected in 26as
- ADVANCE PAYMENT OF ADVOCATE
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- NRI starting business in India
- GST not cancelled by tenant
- Capital gain on sale and purchase of plot
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
