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Treatment of expenditure on leased building

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Student
37 Points Posted on 01 June 2017
Can anyone clarify my doubt A person has taken a building on lease for which he incurred Rs.10 lakhs for renovation. And the lease agreement will be expired in 3 years. As the building is not owned by him, expenditure is to be treated is revenue expenditure?
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On 01 June 2017 at 11:53 Report
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article assistant
35 Points Posted on 01 June 2017
this expenditure is claimable as depericiation
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On 01 June 2017 at 12:16
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Student
37 Points Posted on 01 June 2017

Can we claim this expenditure as depreciation even after the expiry of lease agreement?

 

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On 01 June 2017 at 12:25
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Asst Mgr-Taxation
6918 Points Posted on 01 June 2017

claim that expenditure within the useful life of the lease period 

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On 01 June 2017 at 13:17
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article assistant
35 Points Posted on 01 June 2017
once the lease period is over u have given away the leased building back to the owner therefore hort term capital gain loss would be calculated
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On 01 June 2017 at 13:20
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CS
755 Points Posted on 05 June 2017

Sir

how it will be treated as depreciation, Please clarify  

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On 05 June 2017 at 17:34

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