banner_ad

115bab

339 views 1 replies
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.

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
04 May 2026
Articleship

S.K Gairola & CO

New Delhi

B.Com

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
04 May 2026
Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details