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Entitlement of depreciation

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(Querist)
01 July 2015 A is transporter. A gives his some trucks to B for plying under his custody . B pays a rent every month to A. My question is that :

1. Is it a lease
2. Is A is entitled to claim depreciation on such assets

Thanks
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
01 July 2015 1 It is a lease.
2 A is entitled to claim depreciation on such assets.
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Rupesh Jain

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Rupesh Jain (Expert)
02 July 2015 A CAN CALIM DEPRECAITION WHEN HE CALCULATE HIS INCOME.
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