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Dep on gowdown rented as per pro. of co act

This query is : Resolved 

24 July 2013 My company has given its gowdown @ rent and is offering its income under income from house property. hence claiming 30% std. deduction but not claiming deduction u/s 32 of it act for depreciation.

But since it is a co whether it is
required to make provision for depreciation as per co act

01 August 2013 Yes depreciation has to be provided as per Companies Act

minimum dep rate as per Sch XIV is 1.63% SLM

And this is classifiable as Investment property category as per revised schedule VI



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