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Depreciation for building under construction

Direct Taxation

I can't understand this paragraph

Guru Raja Prabhu L

CA Inter

★ 390

21-Feb-24 07:28

141

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

Faculty

23-Feb-24 13:16

Thank you sir

Thread Starter

Guru Raja Prabhu L

CA Inter

★ 390

24-Feb-24 09:56

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