We have just formed a Private Limited company. We are looking forward to purchase office space.
What kind of tax benefix a office space purchase can help for company?
Menu
Office purchase
Replies (1)
You can claim depreciation on the office space if it is being owned by the company. If it is taken on lease then the lease rent paid would be deducted from income.
All the cost incidental to the puchase of office such as regt fees, stamp duty, architects fees etc will get added to teh office space as per AS-10.
Recent Topics :
- Updating form 10-ee and Schedule FA if there is ch
- Sale of property in SLUM area ....SRA
- GST applicability on Shipping charges
- Outstanding Demand in Income Tax: How To Respond?
- LTCG on property sale
- Capital gains incidence due to bonus shares
- Amendment of Object Clause of Memorandum
- How Can I Request a Refund for an Accidental Airte
- TDS on salary paid in cash
- YEAR END GST ENTRY FOR RCM NOT PAID RS 5000 I.E OU
Related Topics :
CAclubindia
