depriciation on land
This query is : Resolved
27 April 2008
whether depriciation is applicable on cost of land or not .
27 April 2008
NO, land can't be depreciated
28 April 2008
There is no dep/on land.
28 April 2008
Cost of land can't no depreciated. Only depreciation will be provided on cost of building constructed on such land.
02 May 2008
Under Provisions of Income tax Act & Company law, No Depreciation is to be Provided for on Land.
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