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ITR-5 : Depreciation on purchase of chair if GST ITC is claimed
We have recently purchased a chair for office use. The vendor provided me a GST invoice. I have also claimed ITC on the same. Can I treat this as a fixed asset and claim depreciation in ITR-5?
Replies (2)
Quick Summary
Yes you can do the same.
Yes you can claim depreciation on the amount excluding ITC amount
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