Query on Depreciation

Nitin Singhal (Gaining knowledge...) (320 Points)

28 February 2011  
Hello Everyone, My query is: I am sure that in Income Tax depreciation u/s 32 is claimed by Lessor and not lessee. But for the rate applicable end use of the property is seen. Suppose, I own cars and lease it to others (which is my business) and others use it for residential purposes. Then what would the rate of depreciation for me 15% or 30% considering end use.