Wheather flat is eligible for depreciation ?
This query is : Resolved
17 September 2011
wheather a flat is eligible for depreciation if it is used by the assessee
for business purpose ?
What would be tax impact if flat is partly used for business purpose and partly used for residential purpose ?
for business purpose ?
What would be tax impact if flat is partly used for business purpose and partly used for residential purpose ?
21 September 2011
Yes if used for business purpose than depreciation can be claimed and in the 2nd case only portion can be taken.
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