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Deperciation

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(Querist)
17 November 2013 my frd have commercial property (industrial gala) this property they give on rent. They have prop. in manufacturing business. so that deperciation can be claim or not U/S 32 for that commercial property @ 10%
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Arun

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Arun (Expert)
17 November 2013 sorry, dont understand your question.
Whether the property is given on rent or it is used in manufacturing business?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
17 November 2013 the owner of the property shall claim depreciation. the rental income shall be included in business receipts.
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Arun

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Arun (Expert)
17 November 2013 I agree with Mr. Nikhil kaushik.

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