DIRECTOR PROPERTY BUY FOR HIS OFFICE USE
This query is : Resolved
Ashish Sharma
(Querist)
16 October 2022
DIRECTOR HAVE THE PROPERTY THAT PROPERTY REGISTERED ON DIRECTOR NAME FOR OFFICE USE THEY WANT CONSTRUCT THAT PROPERTY BUT THEY DONT HAVE A FUND TO CONSTRUCT THAT BUILDING FOR OFFICE USE . CAN COMPANY PAY THE AMOUNT FOR CONSTRUCTION IS IT POSSIBLE CAN DIRECTOR GIVE THAT PROPERTY ON LEASE TO COMPANY?
CA R SEETHARAMAN
(Expert)
16 October 2022
That property can be leased to the company on long term lease and company can construct building and Capitalise in their Books and charge depression on the building.
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