When we take depreciation for office space that we buy for purely commercial purpose, how's the depreciation taken - on the land (UDS share) cost + building cost or only on the building cost?
Any help will be appreciated.
Rajesh Nahar (NA) (79 Points)
28 January 2021When we take depreciation for office space that we buy for purely commercial purpose, how's the depreciation taken - on the land (UDS share) cost + building cost or only on the building cost?
Any help will be appreciated.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 28 January 2021