DEPRECIATION ON RENTED OFFICE BUILDING
This query is : Resolved
12 September 2020
Dear Sir,
Pvt Ltd company has given property on rent. Such rental income is offered under house property income. I want to know that on such rented property depreciation is provided in books of account as per company act 2013?
Pvt Ltd company has given property on rent. Such rental income is offered under house property income. I want to know that on such rented property depreciation is provided in books of account as per company act 2013?
12 September 2020
Yes, depreciation has to be provided in the books of accounts as per companies act.
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