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Depreciation

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(Querist)
10 August 2011 IS DEPRECIATION IS REQUIRED TO CALCULATE ON OWNERSHIP FLAT AT THE SAME RATE AS BUILDING ( 5%) ?? HOW WILL BE THE TREATMENT OF DEPRECIATION ON GUEST HOUSE??
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CA Navin Jain

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CA Navin Jain (Expert)
10 August 2011 as per my knowledge depreciation rate would be 10%
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jui mondal

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jui mondal (Querist)
10 August 2011 for both ownership flat and guest house?
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CA Navin Jain

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CA Navin Jain (Expert)
10 August 2011 DEPRECIATION RATE IS 5 % ON RESIDENTIAL BUILDINGS OTHER THAN HOTELS AND BOARDING HOUSE

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