Regarding Hotel property capitalise in Books for depreciation
This query is : Resolved
15 October 2025
Respected Colleagues,
A person running restaurant business and now wants to capitalise hotel building in books (Property valuation done by income tax valuer dated 14.10.2025)
my ques is, whether we are able to capitalise in books in FY 2024-25 because property valuation Dt. 14.10.2025 and secondly, if hotel building ready in 2015, how we capitalise in books with actual cost less depreciation till 31.03.2024 in order to claim depreciation in FY 2024-25?
Please guide
A person running restaurant business and now wants to capitalise hotel building in books (Property valuation done by income tax valuer dated 14.10.2025)
my ques is, whether we are able to capitalise in books in FY 2024-25 because property valuation Dt. 14.10.2025 and secondly, if hotel building ready in 2015, how we capitalise in books with actual cost less depreciation till 31.03.2024 in order to claim depreciation in FY 2024-25?
Please guide
15 October 2025
To enable depreciation claims for FY 2024-25 use the written down value (WDV) of the building as of the date being introduced in business.
15 October 2025
Ok sir, it means from 2015, for WDV we depreciate the building every year till 31.03.2024, then Is WDV as on 31.03.2024 capitalise in books?
15 October 2025
Yes; provided the building is added in business from 1st April. 2024; otherwise adjust WDV to that date.
15 October 2025
Ok sir thanks a lot
15 October 2025
You are welcome.
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