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depreciation

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 June 2010 Sir,
We have purchased a land with building in part of the land. How is the depreciation going to be charged on the total value or only on the value of building?
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CA Punit

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CA Punit (Expert)
09 June 2010 Land & Building are 2 separate assets.
Building is subject to Depreciation while land is not.
Hence Depreciation is chargeable only on the building.
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CA. O.P. Agarwalla

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CA. O.P. Agarwalla (Expert)
10 June 2010 I agree with Mr Punit




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