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The depreciation percentage for a building's valuation in India is determined by the Commissioner of Income Tax (CIT). There are several factors taken into account when calculating the rate, including the age of the building and the type of construction. The rate can range from 2.5% to 10% dependingRead more
The depreciation percentage for a building’s valuation in India is determined by the Commissioner of Income Tax (CIT). There are several factors taken into account when calculating the rate, including the age of the building and the type of construction. The rate can range from 2.5% to 10% depending on the aforementioned factors.
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