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depriciation on land

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(Querist)
27 April 2008 whether depriciation is applicable on cost of land or not .
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CA. Dashrath Maheshwari

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CA. Dashrath Maheshwari (Expert)
27 April 2008 NO, land can't be depreciated
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O.D.SHARMA

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O.D.SHARMA (Expert)
28 April 2008 There is no dep/on land.



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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
28 April 2008 Cost of land can't no depreciated. Only depreciation will be provided on cost of building constructed on such land.
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CA UMESHKUMAR R. ACHARYA

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CA UMESHKUMAR R. ACHARYA (Expert)
02 May 2008 Under Provisions of Income tax Act & Company law, No Depreciation is to be Provided for on Land.

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