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One time lease premium paid

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(Querist)
18 June 2021 What is the treatment for lease premium paid to government for using a plot for manufacturing company in balance sheet and in P&L A/c
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
18 June 2021 Capitalise it as lease hold land. Depreciate it over the period of lease.

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