Income from rent of plant machinery and building
This query is : Resolved
04 February 2012
who can claim depreciation ?
leaser or lessee
leaser or lessee
04 February 2012
Should a assessee be engaged in the business of renting of plant and machinery, it shall be the lessor who shall claim the depreciation of the assets.
Same with regard to building. However if the rent from building is offered as Income from house property, then there shall be no question of depreciation.
Same with regard to building. However if the rent from building is offered as Income from house property, then there shall be no question of depreciation.
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