Deductions are exemptions
MPR Sanjay Kumar (3118 Points)
08 November 2021
purchase of furniture and purchase of car in income Tax what to do whether I should have to detect or exempted
4 Replies
Janak Shah
(ca)
(603 Points)
Replied 08 November 2021
They are assets and only depreciation on them is allowed as expense.
MPR Sanjay Kumar
(3118 Points)
Replied 08 November 2021
Can I claim this expenses amount of purchase of furniture and purchase of car
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 08 November 2021
Depreciation should be claimed
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