25 September 2013
A private limited company is having income from HP & Other sources.In PGBP they do not have any business during the year but they have claimed depreciation during the year and depreciation loss is sett off with income against HP and Other sources.the depreciation is on the same building from which rental income is being earned.some part of building is also used for business.Last year there was business and they had claimed depreciation on building in PGBP.Could you please explain me if they could claim depreciation in this year in PGBP?//
CAclubindia
