Depreciation on house and building
This query is : Resolved
24 October 2017
Hi,
Q. 1 what is main between difference in house and building.
Q2. we depreciation on building 10% and house 0% .why?, i request to all of you, please support me in it.
Your's best regards,
Mohd Nasruddin
Q. 1 what is main between difference in house and building.
Q2. we depreciation on building 10% and house 0% .why?, i request to all of you, please support me in it.
Your's best regards,
Mohd Nasruddin
24 October 2017
Building which is ment for Production of goods or services Depreciation can be deducted. Which may be residential or industrial.
House is considered narrow concept to building, it is more of personal nature question of Depreciation set off not arise
House is considered narrow concept to building, it is more of personal nature question of Depreciation set off not arise
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Under construction property in ITR
- Gift of mutual fund units to daughter
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- Reporting of STCG on Property in ITR
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Not able to file ITR
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
