Income from House Property

Direct Taxation

Z uses his property for his own business. Can he claim depreciation?

Harini Kannan

CA Inter

★ 230

10-Mar-22 16:15

548

Answers (4)

Yes

Yoga Vishnu

CA Final

★ 11K+

10-Mar-22 16:21

Yoga Vishnu

Yes

Could you explain that?

Thread Starter

Harini Kannan

CA Inter

★ 230

10-Mar-22 16:46

As per Section 32 - Depreciation is allowed if the building is used wholly or partly for the business.

Yoga Vishnu

CA Final

★ 11K+

10-Mar-22 17:39

Yoga Vishnu

As per Section 32 - Depreciation is allowed if the building is used wholly or partly for the business.

We can claim depreciation under the head PGBP

Purushotham Reddy

CA Inter

★ 1K+

14-Mar-22 22:05