Regarding lock in period lease
Ajaya pandey (Article assistant) (54 Points)
26 December 2016Ajaya pandey (Article assistant) (54 Points)
26 December 2016
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(182831 Points)
Replied 26 December 2016
What is the total lease period of XYZ? is it 5 years with lock in period of 3 years? The sub lease between XYZ and new concern is at what rent? Same as original cost?
Ajaya pandey
(Article assistant)
(54 Points)
Replied 29 December 2016
It is for the 3 yrs .
Yeah for the same amount Sublease is taken
Easetaxsolutions
(Properitor)
(41 Points)
Replied 29 December 2016
Hi Ajay,
The rent earned from sublease shall be treated as Income of XYZ, however the same shall be deducted from the further rent expoenses paid for the original lease,
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