TMI BlogTaxability of lease premium - whether it could be spread over the period of 99 years or the same has to...Taxability of lease premium - whether it could be spread over the period of 99 years or the same has to be assessed in the hands of assessee in the year in which it enters into lease agreement - Being the revenue in nature, entire amount is taxable in the instant AY itself. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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