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Depreciation rate on hotel building as per companies act

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 August 2010 Dear Sir,

i just want to know the depreciation rate as per companies act on hotel building, whether it comes under factory building or other than factory building.

thanks & regards

Chander
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VINOD ARORA

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VINOD ARORA (Expert)
06 August 2010 Hotel Buildings can not be treated as Factory Buildings, so the rate applicable to Other Buildings should be applied.

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