banner_ad

Depreciation on medical equipment used by medical student

Tax queries 450 views 9 replies

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 ?

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....

thank you sir for help .

Originally posted by : Prakhar
thank you sir for help .

You are most welcome Sir...


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details