Depreciation on flat

Discussion in 'Income Tax' started by jussi, Sep 16, 2013.

  1. jussi

    jussi Member

    M/s XYZ Pvt. Ltd. has purchased a Flat in the name of the co. The Flat is used as office of the co.They have claimed depreciation on the Flat in the first year. But now in the second year they do not wish to charge depreciation on the flat. Is this possible?

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