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Depreciation on let our property

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(Querist)
19 November 2011 can we claim the depreciation on let our property? (if it is a business property, and we are getting the rent income.)
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CA Dileep Surya Kumar

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CA Dileep Surya Kumar (Expert)
19 November 2011 It depends
1-Business property let out during temporary suspension,rental income is chargeble under the head PGBP and we claim the depreciation.

2.property let out when permanent closure of Business is chargeble under the head other sources/ House property income(if it is house property) and if income chargeble under other sources there also we can claim the depreciation.

but depreciation on property whose income chargeable under house property is not allowed(bcoz of 30% standard deduction).
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