a land taken on lease for a period of 10yrs can we do construction on it and debit the exp in our profit /loss account . If yes then what kind of lease it shld be finance lease or operating lease
Menu
Lease and construction
Replies (3)
my dear,
any land is taken for usage on lease is not covered under AS 19 leases.
so no question of finance lease or operating lease.
any land is taken for usage on lease is not covered under AS 19 leases.
so no question of finance lease or operating lease.
Satish Sir...then the exp that are occurred in constructing the school where it shld be shown ..can we debit in I/E a/c
yes ofcourse you can capitalize it because you will be using for a period but not recorded expense in one year but to create deferred expense a/c and to amortize it over a period of time
Recent Topics :
- ITC availed on 5%-rate passenger transport (AC bus
- Extension of Due Date of AY 2026-27
- FAST DS 2026
- Does AIS GST Purchase aggregate GSTR-2B expenses?
- Form 26A - System has encountered some technical p
- Tool to convert GST invoice PDFs into Excel —
- Revised or rectification or leave it?
- Private limited tax audit
- LTCG - SEC54
- Foreign remittance from our client for Co Working
Related Topics :
CAclubindia
