Plz Guide me
There is a company which has taken a land for lease for 18years which has to pay a monthly lease rent of Rs.150000/-
the doubt is, do we have to capitalise it or charge to P&L A/c (fully)
it is Operating leas
Menu
Query relating to as 19 lease
Replies (1)
Please provide some additional details:
1. After lease period, will this land transfer back to owner.
2. Is this lease period extendable as a right to lessee
3. Extablish from the facts if its financial lease or operating lease
If its financial lease, you need to capitalise.
Recent Threads
- Calculate IT on LTCG AND STCG for the F.Y.2025-26
- Heard & Seen Around – Your Daily Economi
- Returning to India - Residency confusion
- About CMP-08
- RCM List on GST
- Resignation of Previous Auditor
- Summary of GST Notification 18/2025 (Effective 1 N
- Heard & Seen Around – Your Daily Economi
- ITC restriction for Food manufacturing units
- Consortium Partnership: GST and TDS query
Related Threads
CAclubindia
