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Purchase of lap top for business use but payment from credit card of my son

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(Querist)
17 May 2022 I am purchasing lap top online in my proprietorship firm and payment is made by my son's credit card. Will i be able to claim ITC AND DEPRECIATION? PLEASE CLARIFY?
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ARUN GUPTA

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ARUN GUPTA (Querist)
17 May 2022 Pl clarify? What will be the impact on availing ITC?
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
17 May 2022 Yes you can claim ITC, show the amount paid for laptop by your son as creditors
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ARUN GUPTA

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ARUN GUPTA (Querist)
17 May 2022 Can i pay the amount by bank transfer to my sons ac and show the amount as paid for laptop payment
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ARUN GUPTA

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ARUN GUPTA (Querist)
17 May 2022 Can I pay the amount in cash of Rs60000/?
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ARUN GUPTA

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ARUN GUPTA (Querist)
17 May 2022 Please give me the payment options also?
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
22 May 2022 You can pay by bank transfer
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ARUN GUPTA

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ARUN GUPTA (Querist)
22 May 2022 Shall I pay by bank transfer to my son and show that payment made fot laptop A/C.pl send entry and narration in details.
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