Tax treatment of Depreciation of ROU assets and lease liability financial expenses
Yogendra Singh (93 Points)
30 September 2024I have one query.
My one of the client follow IND AS 116, they created ROU assets and lease liability.
the depreciation of ROU assets charge to P&L account and Finance expenses (interest) on Lease liability also charged to P&L.
How I give tax treatment of that as per income tax act