I made an expenditure for rented shop on amount of rs. 20lakhs for ceiling and tiles work, how can I claim that expenditure in income tax by filing return and also required applicable provisions
Menu
Regarding expenditure on rented building by tenant
Replies (2)
it is a deemed building.
. you can claim depreciation... refer explanation to section 43(1)
. you can claim depreciation... refer explanation to section 43(1)
you can claim it under leasehold improvements. it should be depreciated over the period of lease lock in period. if there is no lockin it will be advisable to claim it as an expenses.
Recent Threads
- Updated ITR as missed the dead line
- Change if place of business l
- Purchase from unregistered dealer garments busines
- TDS DEDUCTED BUT NOT PAID BY EMPLOYER
- GST RCM GTA
- TDS Challan interst amount wrongly paid as surchar
- Query on TDS & Stamp Duty
- Query on form 26QB and TDS deduction
- Received this confusing IT notice. How to reply
- Houston Sign Company For Custom Signs, Banners &am
Related Threads
CAclubindia
