Office construction - capital expenditure allowed from income?

Others 179 views 4 replies

Tarun Sawhney

Legal

4 Points Posted on 03 September 2018

Hello Sirs,

For a legal professional who is constructing additional rooms at home for use as office, is any capital expenses deduction allowed? The 1st floor is already used as registered office address. 2 additional rooms are being constricted since October 2017. No loan is taken in this.

Is capital expenditure allowed ?

Replies (4)

Priyabrata Sahu

12 Points Posted on 03 September 2018

as per section 30 it's is a capital expenditure but you can claim deprecation u/s 32 -10% as it is more than 180 days total 10% deprecation allowed

rama krishnan

12244 Points Posted on 04 September 2018

the expenses are in the nature of capital... so it cannot be claimed as deduction instead it has to be capitalized and depreciation can be claimed

Avtar Singh

363 Points Posted on 04 September 2018

No on residential building it wll not legally viable. If the base is illegal other related claims will be Nul & void. Secondly in your case it will not be possible to Denmark the residential/commercial portions. It's my view you may proceed as you wish.

Tarun Sawhney

Legal

4 Points Posted on 05 September 2018

Originally posted by : Avtar Singh
	No on residential building it wll not legally viable. If the base is illegal other related claims will be Nul & void. Secondly in your case it will not be possible to Denmark the residential/commercial portions. It's my view you may proceed as you wish.