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Diman, lessor leased a lot to Dili, lessee for 15 years beginning January 2019, subject to the following terms and conditions: Mothly rental Advance rental
Diman, lessor leased a lot to Dili, lessee for 15 years beginning January 2019, subject to the following terms and conditions:
Mothly rental
Advance rental for 2 years
480000
Security deposit
240000
Annual RPT to be paid to lessee
10000
Cost of building constructed by lessee
2800000
Building completed on July 1, 2021
Estimated life of the building 20
Under the outright method ,determine the taxable income of lessor bobby for 2018,2019,2020,2021,2022. Provide step by step solution
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