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Depreciation on Land as per Income Tax Act

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(Querist)
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
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CA Hemant T Dewani

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CA Hemant T Dewani (Expert)
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
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kartik_somu

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kartik_somu (Expert)
19 March 2008 There is no depreciation on land yaar.
Land is not a depreciable asse.



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CA Shailesh +91 9393926464

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CA Shailesh +91 9393926464 (Expert)
19 March 2008 The only asset whose value does not depreciate is Land . Hence, no dep
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CA Praveen Chopra

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CA Praveen Chopra (Expert)
19 March 2008 All are correct
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Devendra Mishra

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Devendra Mishra (Expert)
19 March 2008 NO DEPRI ON LAND!!!!!!!!!!
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CA. GOPAL SONIKA

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CA. GOPAL SONIKA (Expert)
19 March 2008 no depn.
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girish

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girish (Expert)
19 March 2008 For Land apputenant to building. will be considered under building and depreciation can be claimed




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