Depriciation

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..... 1. Is a Lessee entitled to claim depreciation on the 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 .....

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..... land allotted for say 20 lacs, constructed a building costing 35 lacs, will it be entitled to claim depreciation on 55 lacs. I think yes because the total asset is now one. - Reply By MARIAPPAN G .....

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..... OVINDARAJAN - The Reply = 1. You can claim depreciation; 2. For land there is no depreciation in my view. You can claim only on the cost of construction. - Depriciation - Query Started By: - SWAT .....

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..... ANTRA GOEL Dated:- 25-1-2016 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxma .....

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..... nagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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