Hi
I have booked expeses like fittings,wiring etc under Leashold Improvement(incurred whil opening office) for premises taken on lease.
1. My query is where to show Leasehold improvemnts i,e under Fixed Assets or under Misc Exp(and write it off over lease period)
2. Rate of dep under income tax act.
3. Useful life under Co Act 2013(if shown under fixed assets)
4. what if lease deed renewed after expiry ( and I have written off it over lease period)
Regards
Kamal Batra
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