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
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
yes, @ 60%
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
9952967237
Shaswat initial support private limited
Ahmedabad
CS
View Details
SMJ global advisors pvt ltd
New Delhi
B.Com
View Details
CAclubindia
