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Depreciation related query

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(Querist)
04 January 2021 Can we charge depreciation on residential flat in IT RETURN Or not?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
04 January 2021 No depreciation applicable on residential House in income tax return. In case of renting out the property 30% is allowed as deduction towards depreciation and repairs and maintenance.

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