Allowability of transfer of Rent to Lease equalisation reserve as per income tax act,1961
This query is : Resolved
Quick Summary
31 May 2022
Is amount of rent tranferred to lease equalisation reserve as per As 19 under operating lease allowed as per income tax act,1961. If yes, can anyone please share the exact section which provides for the same?
Thanks in advance.
Thanks in advance.
CA R SEETHARAMAN
(Expert)
01 June 2022
It's not allowed under income tax.
Message likes :
1 times
02 June 2022
Thank you sir for your quick reply
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