Purchase commercial shop
ABHI KUMAR (710 Points)
13 April 2023but at this time property under construction...
can we charge depreciation in this year 2022-2023
if yes den what rate of depreciation
advance thanks all professionals
ABHI KUMAR (710 Points)
13 April 2023
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 13 April 2023
How can you charge depreciation when you have not received its possession?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 13 April 2023
For what purpose the property is used?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 14 April 2023
Whether the commercial shop is used by the owner for any business purpose or rented out?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 14 April 2023
If it's used for business purpose, then depreciation can be claimed.