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depreciation on residential house


Prasad Royals   22 May 2019

Prasad Royals

 1 likes  85 points

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I have three houses,one for my residential purpose, another for business purposes,and third one I given for let out, please specify depreciation rates for three properties

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Akhil Balamurugan   22 May 2019

Akhil Balamurugan

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when you use for own purpose the annual value is nil
when you use for business purposes annual value is nil "I think ''
when you use for residential purpose we can claim 30 percentage standard deduction

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Manish (Student)     24 May 2019

Manish
Student 
 9 likes  190 points

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residential purpose-5%
business purpose-10%
let out property- 30% exemption from gross Annual income..

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