epreciation on laptop

Tax queries 516 views 2 replies

Amit Gupta

Employee

128 Points Joined January 2009

Hi,

I bought a laptop in Jan 08 for business purposes. I did not claim any depreciation for finanacial year 07-08. Can I claim depreciation on same laptop in finacial year 08-09?

If yes, at what rate?

regards

Amit

Replies (2)

Milan Somani

1456 Points Joined February 2009

yes, @ 60%

M.M.SURANA

Director -Taxation

532 Points Joined January 2009

Yes, U can claim Depreciation @ 60%. under the block Plant & Machinery.There is amendment from the A.Y. 2002-03, depreciation u/s 32(1) will be available whether(or not) assessee has claimed, the deduction for depreciation while computing of his Total Income.

Surana, Chennai

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