As-19 finance lease
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 October 2012
My Company purchase a land from a party, for this purpose we take a loan from financial institution and submit our property paper( Sale Deed ) as security to financial institution .can this loan treated as a Finance lease in our books as per AS-19.
CA Pooja Agarwal
(Expert)
19 October 2012
for that there has to be proper lease agreement
Vivek Hebbar
(Expert)
24 October 2012
I think there is no question of lease over here.
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