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Rental Building Rennovation Exp

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(Querist)
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
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
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.
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RAJ

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RAJ (Querist)
24 March 2022 Thanks please confirm normal depreciation will be charged or additional ?
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