Depriciation
This query is : Resolved
07 May 2008
can i claime depriciation as per I T Act 1961 Or Companies Act,1956 on Rental property on which rent recieved
07 May 2008
whether this is income from business or house property if it is hous property then dep.is not allowed & if rent is business income then you will complete your books as per comanies act & when you file income tax return then you will add dep.as per comp.act & deduct dep.as per income tax act so your final accounts are submitted to company law board
07 May 2008
depreciation as per income tax isbefore sept & after sept. but what about Co.Act is this on days basis.
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