Dear Friends,
Please let me know , how to calculate Lease hold land depreciation..
Ex:- Lease period - 50 years, Lease amount for 50 years Rs. 5,00,000/- paid at a time.
Nomula Sreenivasarao (DGM -Accounts) (163 Points)
27 July 2010Dear Friends,
Please let me know , how to calculate Lease hold land depreciation..
Ex:- Lease period - 50 years, Lease amount for 50 years Rs. 5,00,000/- paid at a time.
CA B Anand
(CHARTERED ACCOUNTANT)
(198 Points)
Replied 27 July 2010
SIR, DO U MEAN, DEPRECIATION FOR LAND...IT IS NOT PERMISSIBLE UNDER INCOME TAX...
CA Namrata ghosh
(CA)
(55 Points)
Replied 27 July 2010
CA Namrata ghosh
(CA)
(55 Points)
Replied 27 July 2010
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