Rental Building Rennovation Exp
This query is : Resolved
24 March 2022
If A Takes a Building from B on Rent for 1L PM and make Interior for App 100L then how it will be capitalized by Tenant
24 March 2022
Capital expenditure to the tenant. Debit 'Lease holding building' and depreciate every year.
Inference :- Explanation 1 to section 32(1) of the Income tax Act,1961.
Inference :- Explanation 1 to section 32(1) of the Income tax Act,1961.
24 March 2022
Thanks please confirm normal depreciation will be charged or additional ?
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