Notional rent and building
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 August 2011
Friends,
One of My friend doing business at home. In preparation of financial statement of my friends shall i claim Notional rent or Deprecation on Building.
One of My friend doing business at home. In preparation of financial statement of my friends shall i claim Notional rent or Deprecation on Building.
28 August 2011
you can claim depreciation on the house proportionately on the area in which business is carries on.
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29 August 2011
Yes he can claim the deduction. Depreciation is treated as Expenses of the PBGP Head income.
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