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Depreciation

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 May 2012 A person took a land on lease and constructed a building on that land now my question is whether he can claim depreciation on such building or not.But he is not the owner of land so i think entire amount has to be claimed has revenue expenditure is it right? please clarify me on this
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Guest (Expert)
29 May 2012 Depreciation will be allowed in this case even if land is lease hold.
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Nirpendra Singh

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Nirpendra Singh (Expert)
29 May 2012 Yes i am too satsisfy with the opinion of MR Ketan as he will become deemed owner and can claim depreciation on the same amount!
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