Hi..
ABC ltd is real estate company, ABC Ltd have given some area to Haldiram Sweets on rent for their restaurant, In return Haldiram Sweets have paid 2 CR for equipment and setting up their outlet.
apart from it, Haldiram sweets will pay monthly rent of Rs 5 Lakh over thirty years lease period with 10% escalation clause after every three years.
My query is how to recognize rental income and amount received Rs 2 CR towards setting up their outlet.
Menu
Accounting Treatment
Replies (1)
monthly rent received to be recognized as income from house property. 2 crore to be recognized as other income.
TDS needs to be made by haldiram from monthly rent paid.
TDS needs to be made by haldiram from monthly rent paid.
Recent Topics :
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
Related Topics :
CAclubindia
