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Income tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 November 2013 Dear sir,
If company has constructed own godown on his Director's land, can company claimed depreciation on godown as per income tax Act?,kindly reply me
Thanks
Vinod
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
15 November 2013 yes. depreciation shall be available.
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CA Pallav Singhania

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CA Pallav Singhania (Expert)
15 November 2013 If the land uses for the business purpose then yes depreciation can be claimed...
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