Can the depreciation be taken if a company has purchased an apartment or flat.
Can the rate of depreciation of building be applicable in this case ?
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Depreciation : Apartment purchased
Replies (2)
yes.. depreciation allowed...
useful life 60 years, dep. SLM 1.58%, DEP. wdv 4.87%
| 60 | 1.58% | 4.87% |
These are the rates applicable as per the companies act, what are the rates applicable as per the income tax act
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