Tax benefit on purchase of laptop
This query is : Resolved
06 January 2009
I am a salaried employee. I have purchased a new laptop this year. I want to know whether i can get any kind of tax benefit from it.
06 January 2009
A lap top is an asset to you.
06 January 2009
If you are taking the amount from the company as a consultant, then you can claim the depreciation on the lap top @ 60%.
Message likes :
1 times
06 January 2009
If you are an employee, you cannot get any benefit under the Income Tax Act for the asset you have purchased.
06 January 2009
Dear Sumit,
You had a nice query, but there is no provision in the Income Tax Act providing tax benefits/allowances/deductions on purchase of laptops or any other personal assets except house property.
Yes, if you have any business income then you can claim depreciation on laptop if it is used for the purspose of business.
You had a nice query, but there is no provision in the Income Tax Act providing tax benefits/allowances/deductions on purchase of laptops or any other personal assets except house property.
Yes, if you have any business income then you can claim depreciation on laptop if it is used for the purspose of business.
06 January 2009
As a Salaried employee, there is no benefit available to u.But if ur working as a consultant or if ur a businessman, u get depreciation benefit @60% of the laptop cost.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Application of 115BAC
- RCM - commercial rent paid to URP under GST
- Offsetting interest income against derivative trading losses
- TDS NUMBER SURRENDER
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
