Depreciation
This query is : Resolved
10 July 2013
I have a office premises which i use for business purpose and paid the rent to the owner i.e... i am carrying business on rented premises
my question is whether i can claim depreciation or not.
my question is whether i can claim depreciation or not.
10 July 2013
No you can not claim depreciation. Since it is not your fixed asset. You are only paying rent for it. So you can only claim the rent as allowable expenditure.
13 July 2013
Thank you...
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