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
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
Hi ravi,
Yes you can claim depreciation on UPS Battery purchsased by you.
YES YOU CAN CLAIM
Yes, you can claim if you capitalised the cost of battary.
yes, you can claim the depreciation according to the provisions of section 32 of Incometax Act
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