If we take input on purchase of laptop..and claimed in gst portal...
then can we claim depreciation for basic amount of laptop....purchased
Menu
Input tax credit
Replies (4)
Yes excluding gst amount
Yes, you can take depreciation on basic amount excluding GST, which is capitalised in your books of account.
Yes in term of Section 16(3) you can claim ITC on value before GST .
You have to capitalise only taxable amount excluding gst portion so you can claim depreciation only on taxable value over the life of asset
Recent Topic
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
Related Topics
CAclubindia
