A private limited company buys a residential property in its name ?and can a director resides in ? it Can the company claim depreciation?and other borrowing costs ?
3 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 17 June 2021
Yes I think depreciation can be claimed
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 18 June 2021
It can be treated like a owner occupied property and depreciated. No HRA allowance for the director though.
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