Depriciation

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..... Depriciation
Query (Issue) Started By: - SWATANTRA GOEL Dated:- 25-1-2016 Last Reply Date:- 6-11-2016 Income Tax
Got 1 Reply
Income Tax
1. Is a Lessee entitled to claim depreciation on th .....

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..... e cost of building constructed by him for business-use in the space taken on long lease say on 9 years lease? 2. A Pvt Ltd company got land allotted for say 20 lacs, constructed a building costing 35 .....

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..... lacs, will it be entitled to claim depreciation on 55 lacs. I think yes because the total asset is now one. Reply By MARIAPPAN GOVINDARAJAN: The Reply: 1. You can claim depreciation; 2. For land t .....

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..... here is no depreciation in my view. You can claim only on the cost of construction.
Discussion Forum - Knowledge Sharing .....

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