purchase commercial property in fin year 21-22
but at this time property under construction...
can we charge depreciation in this year 2022-2023
if yes den what rate of depreciation
advance thanks all professionals
How can you charge depreciation when you have not received its possession?
For what purpose the property is used?
Whether the commercial shop is used by the owner for any business purpose or rented out?
If it's used for business purpose, then depreciation can be claimed.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
