Lease Rent

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Rohit Agarwal (Querist)
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14 January 2010 what is the disclosure requirement for lease rent in Profit & loss account and under which account head it should be disclosed....

CS Vandana Kacholia

CS Vandana Kacholia (Expert)
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14 January 2010 well show lease rent paid for office and wharehouses for that particular f.y. in rent, rates and taxes of administrative exp.

Regards

Rohit Agarwal

Rohit Agarwal (Querist)
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14 January 2010 thanks for the reply, however, further, i would like 2 knw whether separate disclosure requirement is to be made in face of P/L

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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14 January 2010 Rent should be separately disclosed in the face of the profit and loss account. It should not be clubbed with rates and taxes.

Pl see part II of schedule VI clause 3 (x)(c) and (h).

Rohit Agarwal

Rohit Agarwal (Querist)
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14 January 2010 thank you, but my query is whether the disclosure should be as follows or not:

Rent -
Immovable properties
Others