03 May 2024
How to Calculate RoU if intial lease period was 3 years w.e.f 01-09-2020 extended for 3 more years with 3% enhancement in monthly rent. Lease period was ended in September 2023 but allowed to further 3 months with existing rent, without execution any rent agreement. Initial monthly rent is Rs.1,00,000 Security deposit Rs.12,00,000 refundable at the vacating the premises.
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