Financial leased land

341 views
User Avatar

trainee
199 Points Posted on 25 March 2013

 

The company is intended to lease a land and building to get its benefit on
depreciation i.e financial lease.Now someone told me that there is specific time
period for which the lease it required to be under the lessee for availing the
benefit but I m not getting the specific provision, case law or section in support
of that view.
0 Reply Share Follow Topic
On 25 March 2013 at 14:01 Report
Replies (3)
User Avatar

PRACTICING CA
2291 Points Posted on 25 March 2013

there is no provision like that. company can get benefit from the beginning of lease period.

1 Reply
On 25 March 2013 at 16:30
User Avatar

trainee
47 Points Posted on 25 March 2013

A person told me that the lease should be  for atleast 12 years to derive the benefit.Is that so.

Reply
On 25 March 2013 at 16:58
User Avatar

trainee
47 Points Posted on 25 March 2013
That means we must execute the document for atleast 12 years of lease period
Reply
On 25 March 2013 at 16:59

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. MR AASHOK KUMAR SHARMA
  2. NIC codes for FIRMS registration of entity
  3. Register on Income Tax as CA
  4. Deduction In Employee Provident Fund
  5. This is a gift for all Chartered Accountants and P
  6. NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
  7. Wallet query for GST.
  8. 25-26 exempted sales
  9. Hotel stay below Rs.1000/- GST applicable or exemp
  10. NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig

More recent discussions | Post

Related Topics :

Loading

Latest Job Openings

View all
Company
Featured 29 October 2026
Accounts Executive

Synergy Keystone

Chennai

B.Com

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
ARTICLESHIP 25 October 2026
Article Intern (CA Articleship)

Arpan Bohra & Co

Hyderabad

CA Inter

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details
Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
31 October 2026
Accountants

sankaran and krishnan

New Delhi

B.Com

View Details