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Buyback scheme

subramanyanadig (Accounts officer) (52 Points)

06 August 2021

How to account machinery purchased under buyback scheme.

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2 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24588 Points)
Replied 06 August 2021

Whether it is sale and lease back transaction??

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subramanyanadig (Accounts officer) (52 Points)
Replied 07 August 2021

If its purchase under buy buyback
giving back old equipment and purchasing new equipment, deducting some amount for giving old equipment

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