Tax planning in case of lease

Pragya (CHARTERED ACCOUNTANT) (104 Points)

28 November 2015  

Hello All,

One of my client owns a building in which he is running a hotel in name of his company. Now he wants to give this building on lease to someone for lease term of 5-10 years. How lease rental will be taxed in hands of company? Company has taken loan for construction. Can Company claim interest on loan and depreciation against such Rent Income? What tax planning we can do to save tax ?