I will charge depreciation on my laptop. Will I have to show it in profit and loss account or directly in computation(the col. that has details of Deduction of U/s. 80-c for NSC interest etc.)
Please let me know.
Thanks!
I will charge depreciation on my laptop. Will I have to show it in profit and loss account or directly in computation(the col. that has details of Deduction of U/s. 80-c for NSC interest etc.)
Please let me know.
Thanks!
Depreciation has nothing to do with Sec 80C deductions. If you have Business/ Professional Income, you can claim depreciation against such income in the PGBP head.
| Originally posted by : J.Alamelu lakshmi | ||
 |
Depreciation has nothing to do with Sec 80C deductions. If you have Business/ Professional Income, you can claim depreciation against such income in the PGBP head. |  |
Thanks for answering. I think my question wasn't clear enough. Have modified it. I meant to ask which col. will the dep. go under. hope it helps :)
Naveen Fintech Pvt Ltd
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CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
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CA Final
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