If a hospital buy a dialysis machine -how can charge depreciation on machine and how to calculate
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Depreciation on machine
Replies (4)
As per Income tax act depreciation on plant & machinery 15% PA
For dialysis machines the depreciation under IT act is 40%. ( on WDV)
Hospital services are exempted, so can we take ITC
No (for GST ITC), Depreciation can be claimed over the capitalized cost of equipment including GST.
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