depriciation
This query is : Resolved
16 March 2009
sir, what are the depriciation rates on buildings? what are the concessions available for rent out residential properties?
16 March 2009
Under Income Tax Act, 1961:
If it is residential property: 5%
If in commercial use: 10%
n if its a temporary construction: 100%
The fact that u have rented out residential property or u urself is residing won't make any difference as such...
If it is residential property: 5%
If in commercial use: 10%
n if its a temporary construction: 100%
The fact that u have rented out residential property or u urself is residing won't make any difference as such...
16 March 2009
rates are
5% on residential building
10% on buildings such as office,factory godowns which are not used for residential purpose.
100% (a) water supply project covered under section 80-IA
(b) temperory erections.
there is no concessions available for rent out residential properties.
5% on residential building
10% on buildings such as office,factory godowns which are not used for residential purpose.
100% (a) water supply project covered under section 80-IA
(b) temperory erections.
there is no concessions available for rent out residential properties.
16 March 2009
what is the status of a property which is maintained as a paying guest accommodation?
28 June 2023
"Sorry, I am not a featured member."
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Under construction property in ITR
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- Booth for sales promotion
- ITR 4 OR ITR 3 WHICH FORM CHOOSE
- Average Cost Of High Quality Diamonds
- TAX AUDIT QUESTION
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- LIABILITY ADJUSTMENT
- Capital Gains on sale of residential flat
- Accounting with Claude
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
