115bab

1.whether we take on lease land and building with plant and machinery?

2. who take depreciation on land and building and plant and machinery?

3. lease rent income show as business income or land and building income as house and property and plant and machinery as business income ?
Replies (1)

1. whether we take on lease land and building with plant and machinery?

Taking a lease on land, buildings, and plant machinery is a common practice in business, particularly for entrepreneurs and companies that require physical assets to operate. Leasing allows businesses to access and utilize these assets without incurring the full cost of purchasing them outright. 

3. lease rent income show as business income or land and building income as house and property and plant and machinery as business income?

Rental income is often considered business income rather than income from a house/property or land/building. This is because rental income is generated from the use of property or assets for commercial purposes, which is considered a business activity.  mr mine

It is important to note that tax regulations may vary between jurisdictions and there may be specific rules and provisions that apply to rental income from different types of real estate or assets. different.

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 29 October 2026
Accounts Executive

Synergy Keystone

Chennai

B.Com

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
28 October 2026
Assistant Director/ Associate Director-Finance & Accounting

Krea University

Chennai

CA

View Details