Depreciation
This query is : Resolved
16 June 2012
In rate of depreciation under Income Tax Act as provided in Direct Tax Ready Reckoner there is 5% & 10% depreciation on Building. In this regard I want to know what types of buildings are covered under these category with proper examples.
CA CS Amit S. Kedia
(Expert)
16 June 2012
Residential property are depreciated @5% and others @10%
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