Sub lease treatment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 April 2016
Company take a agricultural land on lease and then give it to another company on lease for agriculture purpose. now, what is the treatment of difference of lease rent paid and sublease rent received from another company??? Plz give treatment of difference income(sub lease rent received-lease rent paid) as per companies act and income tax act also.
Amol S Joglekar
(Expert)
11 April 2016
Segment reporting : report the income of sub lease and expenditure on lease separately.
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