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Depreciation on water well

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 July 2017 could tell me what is the rate of depreciation on Water well constructed for Home stay business and for how many years it should be clailmed?
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Amol S Joglekar

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Amol S Joglekar (Expert)
28 July 2017 if it is used for business purpose, 5% depreciation can be claimed
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Querist : Anonymous

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Querist : Anonymous (Querist)
29 July 2017 If it is used in oil and gas industry then it is 5%?
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Amol S Joglekar

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Amol S Joglekar (Expert)
29 July 2017 yes. Since it is used for home stay business
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