Claiming of depreciation
This query is : Resolved
22 February 2014
If owner has given a shop on rent then who can claim depreciation on the property owner or tenanat?
22 February 2014
if the income is being offered for tax under "income from House property" then no depreciation is allowed. However, where such income is being offered for tax under "income from Business/profession" depreciation can be claimed by the owner.
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