House property

This query is : Resolved

venkata ramana (Querist)
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14 August 2014 I purchased building in 2003 value is Rs800000 I forgot to record in my books that time now I want to include which value I have to consider purchase value or after depreciated value.

Rupesh Jain

Rupesh Jain (Expert)
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14 August 2014 it is use for residential or commercial purpose.

if you are using for commercial purpose then you have to take after depreciation.

and you are using for self residential purpose then no required to take In business.

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