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Itc for printer

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(Querist)
14 June 2018 We are traders. Can we avail ITC for a computer printer purchased for business purpose?. If yes can we avail it fully in the month of purchase? Can we also claim deprecation after availing ITC if allowed?
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CA Ankit R Momaya

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CA Ankit R Momaya (Expert)
14 June 2018 Yes, you can avail 100% of ITC in the month of purchase itself. Depreciation can be claimed on the cost of the printer but not on ITC.

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