Expense claimed under sublease of plant & machinery
This query is : Resolved
18 April 2019
if we show income of Sublease from Plant & Machinery under the head "Income from Other Sources" . Then can we claim expense rent paid on that plant & machinery ???
Can we claim Dep. on it also or not...???
Can we claim Dep. on it also or not...???
18 April 2019
Consider it as business income and claim expenses of rent paid.
Depreciation can't be claimed as it's not owned.
Depreciation can't be claimed as it's not owned.
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