Depreciation on commercial shop
This query is : Resolved
Querist : Anonymous
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.
04 July 2012
AS COMPANY ACT
BUILDING OTHER THAN FACTORY
SLM------------5%
WDV------------1.63%
INCOME TAX
DEPRECIATION RATE---10%
BUILDING OTHER THAN FACTORY
SLM------------5%
WDV------------1.63%
INCOME TAX
DEPRECIATION RATE---10%
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