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Depreciation

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(Querist)
10 July 2012 What is depreciation rate for Leasehold premises under the Income Tax Act, 1961?
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CA Rahul Gupta

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CA Rahul Gupta (Expert)
10 July 2012 5% (if used for residential)
Others 10%
but in proportionately can be claimed.
Leasehold Property is for 99 Years. the payment which is made, shall be capitalised, dep. can be claimed in proportionate for the same.
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CA. A. K. GUPTA

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CA. A. K. GUPTA (Expert)
11 July 2012 it depends on the numbers of years remaining in the current company with the leasehold property.
proportionately can be claimed.




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