banner_ad

Depreciation on medical equipment used by medical student

Tax queries 414 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
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details