RENTING OF PLAN AND MACHINERY UNDER WHICH HEAD CHARGEAGLE
This query is : Resolved
07 June 2024
We are manufacturing unit , now we want to give whole plant on rent to another manufacturing unit and we will receive fixed monthly rent. In this regard my question is that under which head rent income to be shown ?? under the head PGBP and claim depreciation on plant and machinery or under the head CG and write off depreciation to capital account ?
07 June 2024
Show it under PGBP and claim depreciation.
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