Purchase of lap top for business use but payment from credit card of my son
This query is : Open
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ARUN GUPTA
(Querist)
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?
ARUN GUPTA
(Querist)
17 May 2022
Pl clarify? What will be the impact on availing ITC?
CA Rashmi Gandhi
(Expert)
17 May 2022
Yes you can claim ITC, show the amount paid for laptop by your son as creditors
ARUN GUPTA
(Querist)
17 May 2022
Can i pay the amount by bank transfer to my sons ac and show the amount as paid for laptop payment
ARUN GUPTA
(Querist)
17 May 2022
Can I pay the amount in cash of Rs60000/?
ARUN GUPTA
(Querist)
17 May 2022
Please give me the payment options also?
CA Rashmi Gandhi
(Expert)
22 May 2022
You can pay by bank transfer
ARUN GUPTA
(Querist)
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.
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