Plz Guide me
There is a company which has taken a land for lease for 18years which has to pay a monthly lease rent of Rs.150000/-
the doubt is, do we have to capitalise it or charge to P&L A/c (fully)
it is Operating leas
Menu
Query relating to as 19 lease
Replies (1)
Please provide some additional details:
1. After lease period, will this land transfer back to owner.
2. Is this lease period extendable as a right to lessee
3. Extablish from the facts if its financial lease or operating lease
If its financial lease, you need to capitalise.
Recent Topic
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
Related Topics
CAclubindia
