Depreciation
This query is : Resolved
05 October 2013
Is depreciation mandatory to claim on property which is let/ rented out coz depreciation is mandatory to claim only where assets is used for business or profession but in case of property let out it is not used for any business or profession and also had depreciation not claimed indexation benefit can be taken. Suggest
Thanks in advance
Thanks in advance
05 October 2013
depreciation is mandatory to be taken when u fulfill conditions to claim it.
07 October 2013
That only means that from rental income it is not mandatory to claim depreciation.
07 October 2013
whether u let it out or keep for ur own business depreciation is to be deducted from it in any ways, there is no difference in it.
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