depreciation

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depreciation on building in individual return

  1. applicable or not

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  2. percentage

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  1. mali

    mali New Member

    :p Depreciation
     
  2. VAIBHAV DILIP RANE

    VAIBHAV DILIP RANE Active Member

    @mali

    If you are earning Income under Business or Profession. And to earn Such Income if that "building is needed, or such Income has been earned since that Building is brought in the use,...

    Then Depreciation on Building can be avail as follows :-

    @ 5% => All Residential buildings except hotels and boarding houses
    or
    @10% => Other than Residential buildings (not cover as above)

    *note :- % is on the Cost or opening WDV Balance of the Building.

    ** Yes, even Individual can Claim Depreciation on Building if earning income from Business or Profession.

     
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