Depreciation is the recovery of the cost of a physical asset, like property or equipment, over multiple years. It allows companies to spread out the cost of some expenses, reduce taxable income and ...

Meera Soni, 35, a doctor, owns a two-storey building in Pune. She uses the ground floor as her clinic and lives on the upper floor. The total value of the property, excluding the land value, is ₹80 ...