Depreciation on gifted computer or laptop

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CA K D Patel (Querist)
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11 December 2009 I want to know whether depreciation is available under income tax act or not if:

Computer or laptop is received in gift

Vishnu Saboo (Expert)
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13 December 2009 Yes, I beleive if it is your asset, depriciation must be avilable there.

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