Dep on gowdown rented as per pro. of co act
This query is : Resolved
24 July 2013
My company has given its gowdown @ rent and is offering its income under income from house property. hence claiming 30% std. deduction but not claiming deduction u/s 32 of it act for depreciation.
But since it is a co whether it is
required to make provision for depreciation as per co act
But since it is a co whether it is
required to make provision for depreciation as per co act
01 August 2013
Yes depreciation has to be provided as per Companies Act
minimum dep rate as per Sch XIV is 1.63% SLM
And this is classifiable as Investment property category as per revised schedule VI
minimum dep rate as per Sch XIV is 1.63% SLM
And this is classifiable as Investment property category as per revised schedule VI
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- ADVANCE PAYMENT OF ADVOCATE
- Eway bill generation from place other than registeted
- GST rate and HSN code for sale of racing horses
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- TDS Return Q1 FY 2026-27
- REGARDING ANNUAL RETURNS FILLINGS OF A COMPANY INCORPORATED ON 28.03.2025
- CREDIT NOTES WITHOUT GST
- Condonation . E-Verification of last year return .
- DIN reactivation
- Depreciation of fixed assets- coop housing society in mumbai
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
