Assessee Denied Additional Depreciation on Leased Property with Furniture After Claiming Standard Deduction.

Assessee Denied Additional Depreciation on Leased Property with Furniture After Claiming Standard Deduction. https://www.taxtmi.com/highlights?id=34294 Once the assessee has claimed the standard deduction in relation to the leased property which includes furniture and fixtures, the assessee is not entitled to further depreciation on such leased asset. - AT en-us Thu, 13 Apr 2017 07:27:10 +0530 Thu, 13 Apr 2017 07:27:10 +0530 TaxTMI RSS Generator Assessee Denied Additional Depreciation on Leased Property with Furniture After Claiming Standard Deduction. https://www.taxtmi.com/highlights?id=34294 Once the assessee has claimed the standard deduction in relation to the leased property which includes furniture and fixtures, the assessee is not entitled to further depreciation on such leased asset. - AT Highlights Income Tax Thu, 13 Apr 2017 07:27:10 +0530 https://www.taxtmi.com/highlights?id=34294