Is depreciation allowed on property rented?
Khadija (Student) (123 Points)
05 September 2020We are not claiming depreciation on it and showing the rent received as our business income.
Is the method right??
Khadija (Student) (123 Points)
05 September 2020
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 05 September 2020
Deprecation Claim is mandatory under Income Tax Act.
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 06 September 2020