Ram gave a land located in Industrial area to ABC & Co. for a lease term of 5 years for a rental of ₹ 2 lakh per month on 1st April, 2022. Ram is employed in a Nationalised Bank. What would you call the lease of land
CS Executive · Tax Laws · PYQS · June 2023
Ram gave a land located in Industrial area to ABC & Co. for a lease term of 5 years for a rental of ₹ 2 lakh per month on 1st April, 2022. Ram is employed in a Nationalised Bank. What would you call the lease of land by Ram to ABC & Co.?
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: GST
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