hey, i am running a lodge. i had taken this building on rental basis. i had spent 1 lakh rupese on ups (baterry) can i claim depreciation on this
5 Replies
Vandana Mulchandani
(Finance Manager )
(9227 Points)
Replied 20 July 2011
Hi ravi,
Yes you can claim depreciation on UPS Battery purchsased by you.
Suraj Agarwal
(Self Practitioner in Income Tax & GST)
(782 Points)
Replied 20 July 2011
Yes, you can claim if you capitalised the cost of battary.
Shah Tarun
(Student)
(800 Points)
Replied 21 July 2011
Yes,you can claim 15% depreciation on bettery,
J.M.SELVARAJ
(student)
(48 Points)
Replied 22 July 2011
yes, you can claim the depreciation according to the provisions of section 32 of Incometax Act
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