hey, i am running a lodge. i had taken this building on rental basis. i had spent 1 lakh rupese on ups (baterry) can i claim depreciation on this
Vandana Mulchandani
(Finance Manager )
(9227 Points)
Replied 20 July 2011
Hi ravi,
Yes you can claim depreciation on UPS Battery purchsased by you.
Suraj Agarwal
(Self Practitioner in Income Tax & GST)
(782 Points)
Replied 20 July 2011
Yes, you can claim if you capitalised the cost of battary.
Shah Tarun
(Student)
(800 Points)
Replied 21 July 2011
J.M.SELVARAJ
(student)
(48 Points)
Replied 22 July 2011
yes, you can claim the depreciation according to the provisions of section 32 of Incometax Act
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