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Amortization of Lease payments of land

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(Querist)
09 March 2009 If land is acquired on lease to construct a plant on it, and commercial production has not been started. whether it is necessary to amortize the lease rental even if commercial production has not been started?

Wheather it can be capitalized instead of being amortized
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
09 March 2009 Yes, you need to capitalise the lease Rent, if prod. has not been started.
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Amit Goyal

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Amit Goyal (Querist)
09 March 2009 Im asking about amortization of lease rentals.
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