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Which of the following statements is/are true?
1. Tax-shield on depreciation and interest is an important variable both for the lessor and the lessee.
2. Lease transactions in India are governed by the Lease Act.
3. A lessee should evaluate the lease options against the buying option.
4. As per AS-19, financial lease is shown in the balance sheet of the lessee as an asset.
Choose the correct answer from the options given below:

A. 1, 3 and 4

B. Only 2

C. 2, 3 and 4

D. 1 and 4

Answer: Option A

This Question Belongs to Commerce >> Income Tax And Corporate Tax

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