Depreciation on resident house and shop


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
05 July 2015 I want to know if any proprietor shows their property like resident house and shop in balance sheet do they charge depreciation on them ?

kindly give the rate of dep also.

05 July 2015 normally you wont show such personal assets on the business balancesheet....

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
06 July 2015 but if house purchased by loan and also amount paid by business account then ??

06 July 2015 you need to take a broader view of asset and tax planning. once you include the house in business asset, it will become the primary asset for any future loan purposes and wont be available to you as a collateral. This affects your ability to borrow.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
Featured 07 November 2026
Chartered Accountant

DPV & Associates

Chennai

CA

View Details
Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details
Company
12 November 2026
Auditor

Oz Taxation

Vijayawada

Graduate (Any)

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
13 November 2026
Chartered Accountant - Fresher

Neeraj Bhagat & Co

New Delhi

CA

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
Featured 29 October 2026
Accounts Executive

Synergy Keystone

Chennai

B.Com

View Details