Poonawalla fincorps
Poonawalla fincorps

DEPRECIATION ON RENTED OFFICE BUILDING

This query is : Resolved 
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(Querist)
12 September 2020 Dear Sir,
Pvt Ltd company has given property on rent. Such rental income is offered under house property income. I want to know that on such rented property depreciation is provided in books of account as per company act 2013?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
12 September 2020 Yes, depreciation has to be provided in the books of accounts as per companies act.

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