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Depreciation

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(Querist)
29 March 2010 A Private Ltd. company have a guest house in company's name. That property is used as guest house for the visitors for the company. Is it eligible to claim depreciation. If it is possible please inform the percentage for that.
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Rahul Gupta

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Rahul Gupta (Expert)
29 March 2010 My opinion is that it is eligible for depreciation @ of 10%.
Experts views are solicited..
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
29 March 2010 Depreciation is eligible
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
29 March 2010 agreed...

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