Depreciation in ITR 3

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23 Points Posted on 23 May 2020
I bought a scooty in 2017 , can I mentioned the actual purchase value of scooty in AY 2019-2020 in ITR 3??

Scooty is in my name and also used in business purposes. So in ITR 5 can I depreciated the value of scooty in balance sheet??
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On 23 May 2020 at 16:25 Report
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Quick Summary
If you purchased a scooty in 2017 and have used it for business purposes, you can claim depreciation on it in your Income Tax Return (ITR) 3 or ITR 5. The actual purchase value can be included in your balance sheet, provided you haven't claimed input tax credit on the scooty.

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284 Points Posted on 23 May 2020
Yes You Can Take Depreciation ..........
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On 23 May 2020 at 18:42
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23 Points Posted on 23 May 2020
In ITR 5 or ITR 3 ???
Thanks
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On 23 May 2020 at 20:22
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133 Points Posted on 24 May 2020
Yes you can provided you have not claimed input tax credit on it
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On 24 May 2020 at 00:49

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