Depreciation

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..... Depreciation
Query (Issue) Started By: - janakiraman iyer Dated:- 18-11-2019 Income Tax
Income Tax
when one purchase flat in Mumbai or in Gujarat , developer enters into two agreements, one .....

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..... for sale of undivided cost of land and other for construction etc but the effect is acquisition of flat by acquiring shares in cooperative society as land is never conveyed in name of any member but o .....

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..... nly to cooperative society and so when a corporate claim depreciation on this purchase , they are entitled for deprecation on both the values namely purchase of undivided portion of land and construct .....

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..... ion cost of flat. can one give any case law on this legal point
Discussion Forum - Knowledge Sharing .....

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