Please Suggest the rate as per income tax on ofice building
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Depreciation
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The rate od depreciation on office building as per Income Tax Act is10%.
IF BUILDING IS USED BY COMPANY FOR RESIDENTIAL PURPOSES 5%
OTHERWISE 10%
IF USED FOR INSTLLATION OF PLANT AND MACHINERY FOR WATER TRATEMENT OR REFINING PROCESS IT IS 100%
residential --5%
commercial--10%
temporary--100%
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