Leasehold land

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Vishal Chaturvedi (Querist)
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30 July 2009 Dear frnds,
a company has purchased land on lease for 90 years. my query is that whether lease payment which is made one time is to be taken as deduction in the same year of payment or divided in years of lease period........ please quote relevent section of incometax....pls answer keeping in view income tax act......thanx in advance

SAURABH V SHAH

SAURABH V SHAH (Querist)
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30 July 2009 i am going to appear my pcc exam in nov09 please any body tell me which bokks ihave to refer and best & easy for all subject

Ankur Garg

Ankur Garg (Expert)
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30 July 2009 Hi Saurabh,

You may go for the following options regarding books for CA PCC/IPCC:

Accounts- Shukla & Agrawal

Auditing- VK Agarwal OR Padhuka

Law- Munish Bhandari OR M.P. Vijaykumar

Ethics & Communication- M.P. Vijaykumar OR Padhuka

Costing- S.N. Maheshwari & Padhuka

F.M.- Saxena & Vashist & Padhuka

Taxation- T.N.Manoharan/ Dr.Vinod Singhania/Girish Ahuja

Information Technology- Pahuka

Strategic Management- Paduka

Also refer Scanners and Suggested Answer issued by ICAI for previous year exams and revised them properly.

Best Regards

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