Depreciation

For Land there is no depreciation
and for building it's 10%

Residential Premises – 5% Depreciation Rate

Building which are mainly used for residential purposes except hotels and boarding houses can be charged a 5% depreciation rate under the Income Tax Act.

Buildings – 10% Depreciation Rate

All types of buildings which are not used for residential purposes can be charged with a 10% depreciation rate. A building would be deemed to be a building used mainly for residential purposes, if the built-up floor area used for residential purposes is not less than 66.66%.