Depreciation on commercial flats
Atharv Sankliya (1323 Points)
29 January 2023Atharv Sankliya (1323 Points)
29 January 2023
sabyasachi mukherjee
(27113 Points)
Replied 30 January 2023
Atharv Sankliya
(1323 Points)
Replied 30 January 2023
sabyasachi mukherjee
(27113 Points)
Replied 30 January 2023
CA Rashmi Gandhi
(Chartered Accountant)
(86308 Points)
Replied 30 January 2023
Yasaswi Gomes new
(Finance )
(4492 Points)
Replied 30 January 2023
Buildings – 10% Depreciation Rate
All types of buildings with are not used for residential purposes can be charged with a 10% depreciation rate.
Comercial flats are depreciated.
Atharv Sankliya
(1323 Points)
Replied 30 January 2023
Yasaswi Gomes new
(Finance )
(4492 Points)
Replied 30 January 2023
Nice! How is it indefinite? It's is not indefinite because you have the life span. It is only depreciated when it is owned by the firm.
CA Rashmi Gandhi
(Chartered Accountant)
(86308 Points)
Replied 01 February 2023
Live class on PF & ESI Enrollment & Returns Filing(with recording)