CAN ANYONE PROVIDE ME THE CASE WITH RESPECT TO "DEPRECIATION CAN NOT BE CLAIMED ON RENTAL PROPERTY". PLEASE PROVID. ITS URGENT
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RENTAL INCOME
Replies (2)
if the rented property is related to ur business then dep. should be charged
in case house is rented then no dep.
the fact that deduction u/h house property is exaustive is written in the law itself by indicating the extent of deduction available......
the rate of 30% dedn is embeded to include repairs & miaintanence as well as depn......
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