depreciation under operating lease

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..... depreciation under operating lease
Query (Issue) Started By: - NIKITA PATIL Dated:- 9-10-2015 Last Reply Date:- 10-10-2015 Income Tax
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Income Tax
who can claim depreciation in .....

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..... operating lease?if after 3 years lessor will sell asset to lessee... Reply By Mahir S: The Reply: In case of operating leases, for accounting purpose, the leased asset is shown as a Fixed Asset in t .....

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..... he 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.
Discussion Forum - .....

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..... Knowledge Sharing .....

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