Leasehold Land Lease treatment

Bala Pullaiah B (Salaried) (179 Points)

02 December 2008  

Hi,

My company was taken a land from the government on 99 years lease basis by paying 1crore for 99 years. At the end of it we donot get this money back. Please let me know how to amortise this amount in P & L?.

1. By way of depreciation.

2. Do I need to show separately.

Please through some light on this?

Balu