Capital asset leased

Tax queries 402 views 1 replies

If a capital asset is transferred on lease,
does it amount to transfer of capital asset and is there capital gains?

What if the leased asset is sub-leased by the lessee?

Replies (1)

no it is nt regarded as transfer

It may be treated in two ways

Income from other sources

or deduct from actual lease paid


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register