Depreciation of my building
This query is : Resolved
26 June 2013
Hi,
I am on the verge of disposing off my building in Bangalore.The building is 12 years old.How will the depreciation rate of my building be calculated?Please advise.Thanking you.
Bonny
I am on the verge of disposing off my building in Bangalore.The building is 12 years old.How will the depreciation rate of my building be calculated?Please advise.Thanking you.
Bonny
26 June 2013
if you are using for busines then under income tax act you can claim @ 10% of cost
as depreciation
as depreciation
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