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Depreciation

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Vatsal (Querist)
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05 October 2016 Whether depreciation allowed on plot purchased in a building for manufacturing purposes? What is the rate as per income tax?

Ankur Singhal

Ankur Singhal (Expert)
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05 October 2016 dear plot is mere a piece of land. and no depreciation is available on land.

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Vatsal (Querist)
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05 October 2016 It's like a flat only,So no depreciation available na??

Ankur Singhal

Ankur Singhal (Expert)
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05 October 2016 dear what do you mean by flat

Vatsal (Querist)
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05 October 2016 Its an industrial estate where a gala is purchased.

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