Depreciation on building
This query is : Resolved
04 March 2015
can i claim depreciation on building 10% as well as standard deduction u/s.24 30% on my commercial property?
04 March 2015
For claiming standard deduction of 30%, there should be income from the property and to be shown under house property , for depreciation asset must be used in the business or profession. Pls read section 32 of income tax act.
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