Query regarding Depreciation on House Property if company is having only Rental Income

Priyanka (CA) (23 Points)

26 June 2021  


Pls advise in the following matter -

A co. is having only rental income from house property. The property is reflected in the balance sheet. Should we charge depreciation on the same as per companies act? and while filing ITR should we charge depreciation as per IT Act also?