Easy Office
LCI Learning

Depreciation on building

This query is : Resolved 

04 March 2015 can i claim depreciation on building 10% as well as standard deduction u/s.24 30% on my commercial property?

04 March 2015 For claiming standard deduction of 30%, there should be income from the property and to be shown under house property , for depreciation asset must be used in the business or profession. Pls read section 32 of income tax act.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query