CA. Vikash Dwivedi (Financial Planning & Analysis) (3167 Points)
08 May 2008Hello everyone,
Can any one of Gentleman clarify the difference between below two :
a) Difference between letting asset on Lease & on Rental basis
b) How Gudgeting is different from Forecasting?
If you have any material (text/ pdf/ word format etc.) ols forward at hi2dwivedi @ gmail.com
Thanks
Vikash Dwivedi
Pavan Kumar.S
(Article Assistant)
(37 Points)
Replied 08 May 2008
Hi,
Lease amount is repayable Rental amount is not repayable.
Lease is paid in lumpsum Rent is paid on monthly/installment basis.
CA. Vikash Dwivedi
(Financial Planning & Analysis)
(3167 Points)
Replied 08 May 2008
Thanks for reply.
Lease rental can be taken as repayables but in case it of operating lease and retal property both are rents. Why mostly lease are of 99 yrs? in bot the case ownership rests with the lessor or owner who let property on rent.
Vikash Dwivedi
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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