Depreciation
This query is : Resolved
19 May 2012
Can we charge depreciation on residential property being let out and receiving 5000 p.m. as rental income?
Who will claim the depreciation the assessee himself or the tenant?
Who will claim the depreciation the assessee himself or the tenant?
19 May 2012
Dear,
You even can not claim the depreciation against the income offered for Tax in case of House property then there is no question of charging Income tax.
Income from House property Chapeter does not provide for any Depreciation relief or eligible expense then charging of Depreciation does not make any sense
You even can not claim the depreciation against the income offered for Tax in case of House property then there is no question of charging Income tax.
Income from House property Chapeter does not provide for any Depreciation relief or eligible expense then charging of Depreciation does not make any sense
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