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Rental income of pvt. ltd.

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 September 2011 A pvt. co. having rental income from the property from one portion in which its run its business wants to treat it as business income . i want to know whether depreciation can be claimed from the rental portion of the property.
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CA Navin Jain

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CA Navin Jain (Expert)
08 September 2011 IF YOU TREAT ITS BUSINESS INCOME THEN YOU CAN CLAIM THE ALL EXPENSES AND DEPRECIATION ALSO.
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CA.E.Deepan Chakravarthy

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CA.E.Deepan Chakravarthy (Expert)
08 September 2011 If only, the letting is incidental and subservient to the main business, company can claim rental income as a business income otherwise it should be chargeable as a property income
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