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Depreciation for road

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(Querist)
23 April 2018 Whether the road area forming part of a flats association an asset, if yes what is depreciation applicable??
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Guest (Expert)
23 April 2018 In income tax law:
Buildings which are used mainly for residential purposes except hotels and boarding houses: 5%
"Buildings" include roads, bridges, culverts, wells and tubewells.

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