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Depreciation rate

Nishu Kotian (332 Points)

12 August 2020

what is the depreciation rate of residential house

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CA Sunil Kumar (Chartered Accountant) (4514 Points)
Replied 12 August 2020

Buildings which are mainly used for residential purposes except for hotels and boarding houses can be charged a 5% depreciation rate under the Income Tax Act.

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 12 August 2020

Further to that depreciation is allowed only when it's used for business purposes like for resident of employees...ect.
For personal use depreciation not allowed.

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GNYANA UPANISHAD (156 Points)
Replied 23 August 2020

Generally as per it depreciation tables it is 5 percent

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