Tax on financial leased machinery

Jayanto Banik Mazumdar (1 Points)

22 February 2017  

Financial Lease:

Solar System of Rs. 20,00,000/- is leased against monthly lease rentals (lets say Rs.10,000) for 15 years. What taxes does the lessor have to pay on the lease rentals?

Does the lessor charge MAT?

NO VAT charges on Solar