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Depreciation allowance_Letout property

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(Querist)
04 April 2024 Is depreciation allowed for Commercial property/ residential property purchased and let-out by professional firms or in individual name. what is the rate of depreciation allowed?
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Dhirajlal Rambhia online

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Dhirajlal Rambhia online (Expert)
05 May 2024 Depreciation is allowed over assets under head PGBP. For rental income under head IFHP depreciation is not allowed.

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