Depreciation on lease

Priya (Querist) 22 March 2013 This query is : Resolved
Is there any provision, that in order to claim lease of a land & building it should cover a specified time period.Please suggest.

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Sankaranarayanan (Expert) 22 March 2013
need to elaborate of your query

ajay sethi (Expert) 22 March 2013
academic query

Priya (Querist) 22 March 2013
The company is intented to lease a land and building to get its benefit on depreciation i.e financial lease.Now someone told me that there is specific time period for which the lease it required to be under the lessee for availing the benefit but I m not getting the specific provision, case law or section in support of that view.