https://www.taxtmi.com/forum/issue?id=115682 Whether a corporate purchaser who acquires a flat through separate agreements for an undivided share of land and for construction, but effectively obtains membership/shares in a cooperative society because land title remains with the society, may claim depreciation on both the undivided land share and the construction cost; the core considerations are asset characterization, statutory limits on depreciability of land, allocation of purchase price between land and building, and precedent on cooperative membership acquisitions. en-us Mon, 18 Nov 2019 15:22:13 +0530 Thu, 23 Jan 2025 15:54:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115682 Whether a corporate purchaser who acquires a flat through separate agreements for an undivided share of land and for construction, but effectively obtains membership/shares in a cooperative society because land title remains with the society, may claim depreciation on both the undivided land share and the construction cost; the core considerations are asset characterization, statutory limits on depreciability of land, allocation of purchase price between land and building, and precedent on cooperative membership acquisitions. Discussion-Forum Income Tax Mon, 18 Nov 2019 15:22:13 +0530 https://www.taxtmi.com/forum/issue?id=115682