Depreciation On Office

A partnership, Office property,

Depreciation is compulsory on Office???
Replies (2)
Quick Summary
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.

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

Depreciation on office is compulsory.

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