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Depreciation claim v/s ITC on capital goods
How to decide depreciation claim or ITC claim on capital goods??
Replies (3)
It's based on the requirements...
Take ITC , & Depreciation on taxable value
Else deceide As the Mr Raja PM Ji Stated
Else deceide As the Mr Raja PM Ji Stated
no itc available in motor vehicle , building etc
im plant and machine furniture itc can claim
and depre decide with income tax so you can no worry every time to recalculate..
depre on cost - itc + eligible expenses
im plant and machine furniture itc can claim
and depre decide with income tax so you can no worry every time to recalculate..
depre on cost - itc + eligible expenses
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