Income from House property
This query is : Resolved
23 August 2010
I have business of Renting of House Propery(House) and Furniture.
I am showing rent inome of house under income from HP and Rent of furniture under PGBP.
Q whether i can claim depreciation of House under sec 36 under PGBP?
I am showing rent inome of house under income from HP and Rent of furniture under PGBP.
Q whether i can claim depreciation of House under sec 36 under PGBP?
03 October 2021
Depreciation can be claimed only on the assets of business. If you are earning rental income u/h. IFHP, depreciation is not allowed, but standard deduction of 30% is available.
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