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Depreciation on commercial shop

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 July 2012 i have purchased a shop in a shopping complex for Rs 500000 can i claim depreciation on such shop if yes at which rate and on which basis.
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C.A Anshul Singhal

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C.A Anshul Singhal (Expert)
04 July 2012 AS COMPANY ACT
BUILDING OTHER THAN FACTORY
SLM------------5%
WDV------------1.63%

INCOME TAX
DEPRECIATION RATE---10%

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