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?
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Office purchase
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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.
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