Depreciation on Land as per Income Tax Act
This query is : Resolved
19 March 2008
Respected Sir
What is rate of Depreciation on Land as per Incometax Act ?
Your immediate responce will be highly appreciated
with regards,
Vilas Choudhari
What is rate of Depreciation on Land as per Incometax Act ?
Your immediate responce will be highly appreciated
with regards,
Vilas Choudhari
19 March 2008
there is no provision in the income tax act depreciation on land, if you have land and building then you will charged dep on only building and not on land
19 March 2008
There is no depreciation on land yaar.
Land is not a depreciable asse.
Land is not a depreciable asse.
19 March 2008
The only asset whose value does not depreciate is Land . Hence, no dep
19 March 2008
All are correct
19 March 2008
NO DEPRI ON LAND!!!!!!!!!!
19 March 2008
no depn.
19 March 2008
For Land apputenant to building. will be considered under building and depreciation can be claimed
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