Depreciation On Premises
This query is : Resolved
13 December 2021
Dear All
I am providing services. I have my own showroom from where I am providing the services. Is it mandatory for me to claim depreciation on that showroom as per Income Tax Act or I can show the purchase price of showroom under the Investment Head.
I am providing services. I have my own showroom from where I am providing the services. Is it mandatory for me to claim depreciation on that showroom as per Income Tax Act or I can show the purchase price of showroom under the Investment Head.
13 December 2021
Yes, it's mandatory to provide depreciation as per income tax.
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