PURCHASE SHOP REGARDING

This query is : Resolved 

15 February 2024 PURCHASE LAND 2020-21 PURCHASE VALUE 35 LAC...


LAND RECONSTRUCATION COMPLETE DEC 2023 TOTAL CONSTRUCATION EXPENSES 15 LACS

THEN WAT IS DEPRCIATION RATE IN FIN YEAR 2023-2024
AND HOW TO CALCULATE DEPRICIATION ON THIS ASSET ON THE BASIS OF TOTAL VALUE 35+15 OR ONLY 15 LAC
PLZ REFER INCOME TAX SECTION ALSO
THANKS IN ADVANCE

16 February 2024 Depreciate only construction cost of building. Land not depreciable as per income tax.

17 February 2024 THANKS YOU VERY MUCH SIR


18 February 2024 You are welcome..
...



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