Menu
Depreciation on commercial flats
does depreciation is provided on commercial flats ?
Replies (9)
Quick Summary
No you can't
If it is individually owned not possible.
But why , life of the building is not infinite
Depreciation is applicable on assets owned by enterprises.
Because such income not declared under business & profession.
Buildings – 10% Depreciation Rate
All types of buildings with are not used for residential purposes can be charged with a 10% depreciation rate.
Comercial flats are depreciated.
Please note that the flat is owned by firm sir
Nice! How is it indefinite? It's is not indefinite because you have the life span. It is only depreciated when it is owned by the firm.
But only renting of flats is your business
Recent Topics :
- Interview Questions
- ITR Filing Last Date 2026
- Tds - filing Conso File for tax year 2026-27
- ITR-3 Filing For AY 2026-27 - Tips
- Capital Gain on sale of Depreciated Factory Gala
- Interesting Observation from a Recent Income Tax S
- ITR 3 Utility Not Taking Marginal Relief on Net To
- MV Electrosystems IPO Allotment Date, Status Check
- TDS payment code query
- Query on FLAIR return
Related Topics :
CAclubindia
