Depriciation on Flat
This query is : Resolved
28 August 2008
Company Rented out its Bulinding can he claim for depriciation in PGBP . Rent recived taken in house propert & Standard Dedution Also taken Is it is right to taken Both Standard Dedution & Depriciation.
CA Pawan Goswami
(Expert)
28 August 2008
If it is taken in house property income, then depriciation cannot be claimed.
28 August 2008
last year we take rental income & depriciation but this year we want to take rental income & no depriciation what should be the tratment of last year bulding is it wdv or we take last year dep add this year to rectify last year amount
S.Srinivasaraghavan
(Expert)
28 August 2008
How could you have claimed depreciation on let out building? Pl. clarify.
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