Dep on rented gowdown in case of a co

CA Pramod Jain (manager finance) (1577 Points)

24 July 2013  

My company has given its gowdown @ rent and is offering its income under income from house property. hence claiming 30% std. deduction but not claiming deduction u/s 32 of it act for depreciation.

But since it is a co whether it is required to make provision for depreciation as per co act.