Capital asset brought in by partner

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 March 2013 Can partner bring in building alone not the land as his capital ?

Can firm claim depreciation on same ?

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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22 May 2013 Yes he can bring but the building should be transferred in the name of the Firm to claim depreciation

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