Depreciation on Building
This query is : Resolved
CA Sandeep Singh Rawat
(Querist)
17 June 2009
a building in residential area used as office will qualify for dep. at What rate 5 or 10 percent.. Reply soon Thanks & Please Clarify
Manmohan ACA, CS
(Expert)
17 June 2009
5%
Message likes :
1 times
CA Sandeep Singh Rawat
(Querist)
17 June 2009
will it not matter that it is used as a office
CA Nitin Wadhwani
(Expert)
17 June 2009
10%.
Use is important, not the nomenclature in the land records.
Use is important, not the nomenclature in the land records.
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