If a hospital buy a dialysis machine -how can charge depreciation on machine and how to calculate
Menu
Depreciation on machine
Replies (4)
As per Income tax act depreciation on plant & machinery 15% PA
For dialysis machines the depreciation under IT act is 40%. ( on WDV)
Hospital services are exempted, so can we take ITC
No (for GST ITC), Depreciation can be claimed over the capitalized cost of equipment including GST.
Recent Threads
- Itr 4 return filing question
- Whether GST applicable on Hardship Compensation pa
- ITC cannot be denied to Bona Fide Buyers for Suppl
- Unused ITC for Hotel after GST Change
- CA FINAL SPOM
- 44ad presumption of tax
- Friendly loan to blood relative?
- Tds penalty for in operative pans
- TDS on Property- 26QB filing Doubt
- HSN code for Exempted supplies
Related Threads
CAclubindia
