annasrikanth (student) (202 Points)
12 August 2011Dear Sir / MAdam
my client is an HUF assessee, he wants to know whether the HUF can take Agricultural LAnd for Lease Purpose, than to consider the agricultural income in the books of accounts.
what is the procedure to get a lease for agrticultural land & whether to prepare lease agreemnet or not..
Thanking you advance
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 12 August 2011
any civil laywer will draft agreement for the property to be taken on lease for individual or HUF,
such agreement is likely to get registered under registrar of assurances with premium paid and monthly charges payable mentioned in agreement,
CAclubindia
