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Depreciation rate
what is the depreciation rate of residential house
Replies (3)
Buildings which are mainly used for residential purposes except for hotels and boarding houses can be charged a 5% depreciation rate under the Income Tax Act.
Further to that depreciation is allowed only when it's used for business purposes like for resident of employees...ect.
For personal use depreciation not allowed.
For personal use depreciation not allowed.
Generally as per it depreciation tables it is 5 percent
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