Depreciation on Let out office

 Since letting out of Office space (Commercial Property) is Chargeable under Income from House Property only. NO Dep can be claimed.

Yes Santhosh is right u cannot claim Depreciation since is charged under Income from House property.,

hi Ajeet,

Clarify , with whose point of view you are talking about. From the point of view of the tenant, it is allowable, but not from the point of view of the landlord

 BOTH THE PARTIES CANNOT CLAIM DEPRECIATION ON THAT PROPERTY UNTILL THE INCOME FROM THAT PROPERTRY IS NOT SHOWN UNDER THE HAED "INCOME FROM BUSINESS OR PROFESSION".

HOWEVER IF HE CANT CLAIM DEPRECIARION HE WOULD BE GETTING A STD. DEDUCTION OF 30% ON RENT RECD. UNDER THE HEAD HOUSE PROPERTY. THE DIFFERENCE WOULD NOT BE MUCH.

for more clarification,can any one tell me that whether depreciation can be claim as expense in normal books of accounts or not by the landlord??