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Depreciation on Building

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(Querist)
17 June 2009 a building in residential area used as office will qualify for dep. at What rate 5 or 10 percent.. Reply soon Thanks & Please Clarify
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
17 June 2009 5%
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CA Sandeep Singh Rawat

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CA Sandeep Singh Rawat (Querist)
17 June 2009 will it not matter that it is used as a office
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
17 June 2009 10%.
Use is important, not the nomenclature in the land records.

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