As 19 (leases) - urgent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 August 2011
Hello
If a lease is classified as operating Expenses, then What is the treatment of Initial Direct cost such as stamp duty, Brokerage etc...??
are they expensed off in the First year itself or is deferred till the lease term.
Plz give ur opinion with reference to AS 19.
If a lease is classified as operating Expenses, then What is the treatment of Initial Direct cost such as stamp duty, Brokerage etc...??
are they expensed off in the First year itself or is deferred till the lease term.
Plz give ur opinion with reference to AS 19.
05 August 2011
As per AS-19
In the books of lessor:
Initial direct cost of lease may be expensed out immediately OR deferred as per lease term.
In the books of lessor:
Initial direct cost of lease may be expensed out immediately OR deferred as per lease term.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Should I report my US salary for January, February, March in Schedule FA?
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
