Depreciation allowability

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....epreciation allowability<br> Query (Issue) Started By: - satbir singh wahi Dated:- 27-7-2009 Last Reply Date:- 29-7-2009 Income Tax<br>Got 1 Reply<br>Income Tax<br>depreciation on assets leasesd , whe....

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....ather depreciation allowed to lessor. Reply By Rama Krishana: The Reply: An explanation to Section 32 regarding lease of immovable property says that addition to the lease property by the leasee woul....

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....d entitle the leasee to claim depreciation on addition. But, in general case, in case of lease transactions, the depreciation is allowed in the hands of leasor. One circular of CBDT issued in 2001 als....

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....o says that the accounting standard issued by the ICAI does not come in the way of provisions of depreciation.<br> Discussion Forum - Knowledge Sharing ....