Lease hold improvements & income tax provisions

CA Rakesh Somashekara (...) (45 Points)

21 June 2019  

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.