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depreciation on land site development expenses

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(Querist)
28 December 2009 Is depreciation is allowed on land site development expenses? If yes, then what is the rate of depreciation?
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
28 December 2009 No, depreciation is not allowed. It is an addition in cost of land.
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CA SURENDRA KUMAR RAKHECHA

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CA SURENDRA KUMAR RAKHECHA (Expert)
28 December 2009 Agreed with CA Tilak Raj.
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