DEPRECIATION ON CAPITAL ASSET BY TENANT

A tenant has done a capital expenditure on a rented asset ( eg. Building ).

Under which head the deduction for depreciation on capital asset be taken by tenant.
Replies (4)
A tenant has done a capital expenditure on a rented asset ( eg. Building )

- Can you explain the expense...?! What are the expenses...?!
If the expenses are in the nature of repair and maintenance then same is allowed it no depreciation will be allowed if it is capitalized...
Yes... I agreed to Rashmi Gandhi...




Hi Rashmi Gandhi...
After a long time I'm seen You here...✋
Yes busy somewhere else, so get a very less time for all this.

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