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Discussion < Income Tax < Depreciation rate on assets owned by Hotels
Post Topic
students zone,CA Students
Madhur Gupta


[ Scorecard :100 ]

Hello Friends

Can any one tell me here is there any prescribed rates of depreciation under income tax act.1961 for assets owned by hotel like crockery items etc

Can they charge dep.at higher rate on their building?

Plz answer and refer decided case law if any

Thx!








CA SUBHASH KR.


[ Scorecard :11869 ]

No, there is no any prescibed rates for hotel business.


Ketan Samdani


[ Scorecard :3214 ]

Hotels have to charge depreciation on normal rate applicable to building i.e. 10%

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