House property and depreciation

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

24 June 2013 Rental from godown is charged under house property, however if the same is also used for business than is it possible to claim depreciation on it.

CA Kapil Verma

CA Kapil Verma (Expert)
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24 June 2013 yes, if a part of property used for business you can claim depreciation for that part.

Message likes : 2 times

Querist : Anonymous

Querist : Anonymous (Querist)

24 June 2013 this is not a personal expenditure Kapil Sir than why only partial allowance is allowed?
and what if the godown was used in past for self but now the same is given on rent.
the asessee plans to take depreciation this year onwards based on High COurt Decision of Yamaha Motors (I) Private Limited.

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