Depreciation On Office

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Accountant
131 Points Posted on 08 April 2023
A partnership, Office property,

Depreciation is compulsory on Office???
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On 08 April 2023 at 14:06 Report
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This discussion clarifies whether depreciation on an office property is compulsory. It confirms that if the office is used for business purposes and its income is declared under the PGBP (Profits and Gains from Business or Profession) head, then claiming depreciation is indeed compulsory.

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SEO Sai Gr. Hosp.
212455 Points Posted on 08 April 2023

Yes, if used for business, whose income is declared under head PGBP.

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On 08 April 2023 at 16:00
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Profession Business
28246 Points Posted on 09 April 2023
Depreciation on office is compulsory.
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On 09 April 2023 at 07:09

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