Depreciation claim v/s ITC on capital goods
Mahesh Balanthimugaru (Article Assistant) (85 Points)
23 October 2018
How to decide depreciation claim or ITC claim on capital goods??
3 Replies
RAJA P M
("Do the Right Thing...!!!")
(128096 Points)
Replied 23 October 2018
It's based on the requirements...
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 23 October 2018
Take ITC , & Depreciation on taxable value
Else deceide As the Mr Raja PM Ji Stated
Else deceide As the Mr Raja PM Ji Stated
rahul
(a)
(1620 Points)
Replied 24 October 2018
no itc available in motor vehicle , building etc
im plant and machine furniture itc can claim
and depre decide with income tax so you can no worry every time to recalculate..
depre on cost - itc + eligible expenses
im plant and machine furniture itc can claim
and depre decide with income tax so you can no worry every time to recalculate..
depre on cost - itc + eligible expenses
Recent Topics
- What is tds12
- SECTION 148 PROCEEDING
- GST AUDIT 01 - NOTICE
- Capital gain purchase date
- Transmission of deceased's shares in physical form
- Income tax notice but unable to file updated retur
- Income tax depreciation deductions
- GST Notice (Under Section 73)
- Asset Declaration in ITR2 for flat purchased in jo
- Active pan but invalid
Related Threads
Trending Online Classes
-
PF & ESI Course - Labour Code 2019 Along with Examples and Case Studies
Mr.Balamurugan Ranganathan13 March 2025
CAclubindia
