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Flat / Apartment

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(Querist)
03 March 2023 Can a Private Limited Company buy Flat/Apartment in its name and claim depreciation.
The premises would be used as residence of Director

Also if it can be purchased can be be in Joint names of Company 50% and Director 50%
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
03 March 2023 Yes, company can purchase Flat/Apartment in its name for the use of director and claim depreciation.
It can be purchased in joint names.

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