*JaiNitH KuMaR* (*Aspire Then Inspire* !!) (217 Points)
25 August 2012Can anyone plzz tell me exactly what is thiz leasehold property mean and what is thiz 99 year lease..??
Plzzzz Waiting For The Earliest Reply..
Thanking You 
CA SANDESH MAHIPAL
(Practicing in GST and MSME )
(1985 Points)
Replied 25 August 2012
*JaiNitH KuMaR*
(*Aspire Then Inspire* !!)
(217 Points)
Replied 25 August 2012
| Originally posted by : CA SUNNY AGGARWAL | ||
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Lease is a type of agreement between lessor and lessee for transfer of property to lessee for a certain period for specified consideration. You can understand it ljke taking a property on rent. Maximum period for lease can be 99 years. Feel free to ask more Regards Ca Sunny Aggarwal |
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But Sir I have read in some articles that thiz 99 years dosen't apply now a days.. Is it True ??
Does anyone take it for 99 years huh..??
CA SANDESH MAHIPAL
(Practicing in GST and MSME )
(1985 Points)
Replied 25 August 2012
CAclubindia
