Notional rent and building
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 August 2011
Friends,
One of My friend doing business at home. In preparation of financial statement of my friends shall i claim Notional rent or Deprecation on Building.
One of My friend doing business at home. In preparation of financial statement of my friends shall i claim Notional rent or Deprecation on Building.
CA Rajeev Bansal
(Expert)
28 August 2011
you can claim depreciation on the house proportionately on the area in which business is carries on.
Message likes :
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Ravi Jhamb
(Expert)
29 August 2011
Yes he can claim the deduction. Depreciation is treated as Expenses of the PBGP Head income.
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