Deperciation
This query is : Resolved
17 November 2013
my frd have commercial property (industrial gala) this property they give on rent. They have prop. in manufacturing business. so that deperciation can be claim or not U/S 32 for that commercial property @ 10%
17 November 2013
sorry, dont understand your question.
Whether the property is given on rent or it is used in manufacturing business?
Whether the property is given on rent or it is used in manufacturing business?
Nikhil Kaushik
(Expert)
17 November 2013
the owner of the property shall claim depreciation. the rental income shall be included in business receipts.
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