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PGBP query
I have a client who has a rented shop and has done renovation of the shop, the amt being 40-50L , the nature of exp being capital can this person afd it as an asset(building) and claim depreciation on the same??
Replies (5)
It can be capitalized, but depreciation cannot be claimed u/h. IFHP.
depreciation can be claimed in pgbp??
But rental of shop is assessed in IFHP ..
Here the querist is paying rent (he is having rented shop)
Yes he can claim depreciation on cost of construction/renovation spent on shop.
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