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I am a freelancer. If I purchase laptop for my work (say for Rs. 1L). How does taxation work?
I am a freelancer. If I purchase laptop for my work (say for Rs. 1L). How does taxation work?
Shyamal Modi, Tax Advocate | Financial Advisor | Virtual CFO
Answered on March 29,2023
Answered on March 29,2023
What kind of taxation are you looking for?
For Income Tax, you can claim depreciation on your laptop as an expense.
For GST if you are registered under GST, then you can claim its Input Credit (if used for the purpose of business).
For getting detailed knowledge, I would recommend you consult a professional.
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