RENT OR LEASE
This query is : Resolved
NIMESH MANPURIA
(Querist)
28 June 2010
I WANT TO GIVE A APARTMENT FOR RENT.WHICH WILL BE MORE BENEFICIAL FOR ME AS A TAX PURPOSE TO GIVE IT FOR RENT OR ON LEASE BASIS.DURATION-3YRS.
CA Robin Betala
(Expert)
28 June 2010
According to me Rent and lease are consider as same for taxpayer , there are no advantage or disadvantage from tax purpose . Therefore giving on rent or lease must be wholly a business decision.
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