Poonawalla fincorps
Poonawalla fincorps

Depreciation on flat

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
26 May 2018 Dear Experts,
I'm running proprietary firm and in FY 2017-18 I had purchased the flat however the EMI is being deducted from firm current Account. Pls let me know can I claim the depreciation on flat.

Thanks
ASAP
Profile Image

Nikhil Kaushik

Profile Image

Nikhil Kaushik (Expert)
27 May 2018 it is best not to claim depreciation on this as you end up losing the long term capital gains status.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links