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Tax treatment on transfer of leased asset

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(Querist)
17 July 2013 SIR

A company has transferred its leased land & Building acquired by it in 1989 .

I want to know what is tax treatment for Both type of Lease .

and how to know if it is financial lease or operating lease .
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
17 July 2013 for knowing whether its a financing or operating lease refer AS 19 - accounting for leases.
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