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Depreciation

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(Querist)
27 September 2011 Whether we can take depreciation on residential house at 5 %. As it is explained to me that those properties which are used for business purpose are allowed for depreciation like residential houses of company for employees.
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CA CS Pawan Jajoo

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CA CS Pawan Jajoo (Querist)
01 October 2011 Plz answer
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CA Hardik Bunha

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CA Hardik Bunha (Expert)
01 October 2011 Yes u/s 32(1)
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