CA Day celebration 2024 Easy Office
LCI Learning

Leasehold improvment

This query is : Resolved 
Profile Image

Profile Image

(Querist)
26 July 2010 Please explain what is leasehold improvment? how it is to be treated in books of accounts?
Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
27 July 2010 It should be capitalised and be written over the period of the lease.
Profile Image

Gaurav Barmera

Profile Image

Gaurav Barmera (Querist)
27 July 2010 Whether it is to be disclosed under the head intengible asset or some other head?
is it deductible for tax computation?
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
27 July 2010 Leasehold improvements are part of furniture & fixtures only and dep is charged on enhanced value and the same is not allowable for income tax purpose. In IT dep allowable on normal rates only.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CA Day celebration 2024 with Tally CCI Pro

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links