Claiming depreciation
This query is : Resolved
Dharti Shah
(Querist)
23 June 2016
There is a property(office premises) that was purchased in April 2015 and was let out on rent in November 2015. For what part of the year depreciation can be claimed?
Rupesh Jain
(Expert)
23 June 2016
depreciation is not claim its get deduction u/s 24 its 30% of the annual rent.
Dharti Shah
(Querist)
23 June 2016
I have let out the property from November 2015 and not for the full year. So can i claim depreciation from April to October ?
Rupesh Jain
(Expert)
23 June 2016
for vacant property there is no depreciation allowed as per income tax act. if you are once used then you can calim the dep.
Dharti Shah
(Querist)
23 June 2016
Ok Thanks for the help
Message likes :
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Rupesh Jain
(Expert)
23 June 2016
pls send like if want to thanks
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