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Depreciation for building under construction

Direct Taxation

I can't understand this paragraph

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Guru Raja Prabhu L

Guru Raja Prabhu L

CA Inter

390

21-Feb-24 07:28

67

Answers (2)

If any capital improvements are done on residential building then we can claim depreciation to that extent even though we are not owner of the building.


Shiva Teja

Shiva Teja

Faculty

23-Feb-24 13:16

Thank you sir


Thread Starter

Guru Raja Prabhu L

Guru Raja Prabhu L

CA Inter

390

24-Feb-24 09:56

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