Depriciation
This query is : Resolved
04 June 2013
whether to claim depriciation for bulding or not which is advisable
04 June 2013
Why is doubt over it. Why you don't want to claim depreciation.
05 June 2013
i have seen many dont claim dep bcz their building gets depriciated
05 June 2013
tom if a sale i have to pay huge tax bcs my cost will go down
05 June 2013
How is that possible? "many dont claim dep bcz their building get depriciated".
How one can do not claim depreciation because their building get depreciated ??
Anyways, depreciation should be claimed, no doubt over that.
How one can do not claim depreciation because their building get depreciated ??
Anyways, depreciation should be claimed, no doubt over that.
05 June 2013
It will otherwise also be taxable. Income Tax do not follow your calculation. After 1988, depreciation is deemed to be allowed irrespective of whether you have claimed it or not.
Capital Gains will be taxable at WDV only.
Capital Gains will be taxable at WDV only.
05 June 2013
but were i worked i have not seen any of files where building is depriciated
05 June 2013
I confront many such cases where something incorrect is going on and people take is as a benchmark.
If no one change it, it will never be changed. So that no one will ever see building getting depreciated.
If no one change it, it will never be changed. So that no one will ever see building getting depreciated.
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