Depreciation
This query is : Resolved
10 July 2012
What is depreciation rate for Leasehold premises under the Income Tax Act, 1961?
10 July 2012
5% (if used for residential)
Others 10%
but in proportionately can be claimed.
Leasehold Property is for 99 Years. the payment which is made, shall be capitalised, dep. can be claimed in proportionate for the same.
Others 10%
but in proportionately can be claimed.
Leasehold Property is for 99 Years. the payment which is made, shall be capitalised, dep. can be claimed in proportionate for the same.
11 July 2012
it depends on the numbers of years remaining in the current company with the leasehold property.
proportionately can be claimed.
proportionately can be claimed.
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