Hi,
One of my client spent 20 lakhs on Renovations to a leased building, Lease period is 10 years.
How to claim Amortisation on this leasehold improvements in income tax ?, And How to show in ITR 5? please explain.
Thanks in advance.
CA Rakesh Somashekara (...) (45 Points)
21 June 2019Hi,
One of my client spent 20 lakhs on Renovations to a leased building, Lease period is 10 years.
How to claim Amortisation on this leasehold improvements in income tax ?, And How to show in ITR 5? please explain.
Thanks in advance.
Rohit jain
(Chartered Accountant / Company Secretary)
(221 Points)
Replied 21 June 2019