A private limited company buys a residential property in its name ?and can a director resides in ? it Can the company claim depreciation?and other borrowing costs ?
abhishek jain (3 Points)
17 June 2021A private limited company buys a residential property in its name ?and can a director resides in ? it Can the company claim depreciation?and other borrowing costs ?
CA. Sourav Sarkar
(Chartered Accountant )
(24578 Points)
Replied 17 June 2021
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 18 June 2021
It can be treated like a owner occupied property and depreciated. No HRA allowance for the director though.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
