As of 4 November 2026, under the Income-tax Rules, 2026, the depreciation rate on written down value…
The depreciation rate is 5% of written down value. Appendix I to the Income-tax Rules, 2026 prescribes this rate for buildings used mainly for residential purposes,…
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As of 4 November 2026, under the Income-tax Rules, 2026, the depreciation rate on written down value for buildings used mainly for residential purposes, other than hotels and boarding houses, is
Answer and explanation
Correct answer D
The depreciation rate is 5% of written down value. Appendix I to the Income-tax Rules, 2026 prescribes this rate for buildings used mainly for residential purposes, excluding hotels and boarding houses.
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Gujarat SET (GSET)