17 June 2010
sir in AS 19 there is a concept called SALES N LEASE BACK OF ASSETS sir i have one doubt dat y vendor first sells n than he lease back is bcoz of urgent need of money or some thin else, i just want logic behind it
17 June 2010
he will sale at less amount but lease back at higher amount in that way he is able to book excess expenses thus reduction in income and saving taxes. i am sure you got my point
CAclubindia
