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Depreciation and standard deduction on rent income

This query is : Resolved 

03 September 2016 Dear All,

If one Pvt. Ltd. Company has used the Building for business purpose for more than 180 days i.e. (from April to December) and for remaining period they have let out the building and receives rent. In this case whether that company is eligible for full depreciation (as as per income tax they have used the asset for more than 180 days) and standard deduction of 30% on rent received both?

Thanks

11 September 2016 THE COMPANY IS ENTITLE TO BOTH. HOWEVER, THE RENTAL INCOME MAY BE TREATED AS BUSINESS INCOME OF THE COMPANY.



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