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depreciation under operating lease, Income Tax |
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depreciation under operating lease |
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who can claim depreciation in operating lease?if after 3 years lessor will sell asset to lessee... Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
In case of operating leases, for accounting purpose, the leased asset is shown as a Fixed Asset in the books of Lessor and depreciation is claimed by the Lessor. In your case, for the first three years and before the sale of asset, depreciation is to be claimed by the Lessor. Page: 1 Old Query - New Comments are closed. |
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