A tax paying medical PG student receiving stipend have made purchase of some medical equipments for professional use, whether they can claim depreciation on these medical equipments ?
Menu
Depreciation on medical equipment used by medical student
Replies (9)
Source of income ?
Govt stipend, and pvt consultation in clinics.
Depreciation can be claim on consultation fee if You are filing with books of Accounts...
What in the case if source of income is only govt provided stipend to PG medical student ?
If Income through stipend then depreciation can't be claim.
ok sir but why is it so ?isn't stipend treated as income ?
Stipend can be trated based on nature of work...
It's can be treat Exempt Income...
It's can be treat Income from other source... and
It's can be treat as Salary...
But, It's can't be treated as PGBP....
It's can be treat Exempt Income...
It's can be treat Income from other source... and
It's can be treat as Salary...
But, It's can't be treated as PGBP....
thank you sir for help .
| Originally posted by : Prakhar | ||
 |
thank you sir for help . |  |
You are most welcome Sir...
Recent Topics :
- Share important chapters of ca inter costing
- Free CA Foundation Study Material - PYQs with Sugg
- INCOME TAX
- Moving from old to new tax regime after notice
- Need urgent help on notice
- ITR-3 - F&O Loss adjusted against business inc
- Error - Blank Rows in Schedule SI (ITR-2)
- Dividend from co-operative society
- SECTION 139(10) OF THE COMPANIES ACT, 2013 CASE
- TDS u/s.194C returns filed in ITR-1
Related Topics :
CAclubindia
