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Depreciation on asset let out

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Querist : Anonymous

Querist : Anonymous (Querist)

23 September 2010 I have one house property in which one room is kept for my own business & rest 90% of the property is being let out from November, 2009 onwards. I am earning rental income from this property.
Now the question is:
1. Whether I can claim this rental income as my business income? (My primary business activity is dealing in properties)
2. whether I can claim depreciation on this property since i am also earning rent from it? If yes, to what extent?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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23 September 2010 As per section 22 the income is to be offered under the head income from house property,you being the owner of the property.
In view of the above, you are not entitled to depreciation.

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