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.
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.
CAclubindia
