banner_ad

Depreciation on office/factory building

Tax queries 1338 views 6 replies

The relevant provision of the Income Tax Act says that depreciation can be claimed on only one office or factory building. Which is that relevant section? Kindly reply with exact sub-section and clauses if any that support the relevant provisions of the Act. 

 

Replies (6)

Sir,

Are you sure?? In my opinion there is no such general provision..May be you are talking about some scenario in which depreciation only on one factory building or office can be claimed.

 

Fatema.

Mam, 

 

It may not be. Actually, I'm not sure about the existence of any such provision that's why I have posted a query at the forum.

 

Reards.

There is no such provision..Claim depreciation if used for business purpose.

Ok, thanks. Is there any restriction on the number of buildings on which depreciation can be claimed?

as such there is no restriction of number of building on which depreciation can be claimed

Ok, thanks.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details