one query from leasing chapter.
Please go through my query, and reply as soon as possible.
NEHA GOEL (final student) (56 Points)
14 October 2011one query from leasing chapter.
Prashanth
(Chartered Accountant)
(2322 Points)
Replied 15 October 2011
@ Neha , according to my undersatnding to your question as lease payments received by the lessor at the beggining of year(i.e T0),but tax will paid be at the end of the year.There is timing diffrence,hence tax effect given in the year.
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