Basics of Leasing

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Indian leasing section

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About Vinod Kothari

International leasing news/materials
(added 4th January, 2012)

• Stamp duty on Lease Transactions in Maharashtra, Nidhi Bothra & Nidhi Ladha, 13th January, 2012

• Depreciation dichotomy between Accounting Standard and Tax Laws on Financial Lease Transaction, Nidhi Jain, 3rd January, 2012

• Leasing in India back with a bang!
• Leasing News: Leasing volumes on a high in US - MLFI 25 reports
• IASB's exposure draft on leasing -The end of finance-operating lease distinction - Vinod Kothari, 19 August, 2010
• UNIDROIT Model Law on Leasing
• IASB and FASB - Discussion Paper on Lease Accounting, April 2009, Nidhi Bothra
• State of leasing industry: Review of developments and trends 2009 by Vinod Kothari
• Secured loans: Can Lenders help themselves? by Vinod Kothari
• How secure is secured lending - see an interesting article
• Article on true lease or a financing in disguise
• True lease or secured financing - article in LJN Equipment Leasing newsletter
• Lease accounting standards continue to be in flux
• Sri Lanka passes Finance Leasing law
• US banks lose money on car leases
• Gary Wendt to join Conseco Finance
• 4 trends in world of finance - IMF
• ELA USA data shows 43% growth in Q1

Indian leasing news and materials 
(Updated 18 July, 2011)

• Note on Vat on lease and hire purchase transaction in Kerala by Nidhi Jain, 18th July 2011
• Note on Vat on lease and hire purchase transaction in Uttar Pradesh by Nidhi Jain, 18th July 2011
• Note on Vat on lease and hire purchase transaction in Gujarat by Nidhi Jain, 18th July 2011
• Note on Vat on lease and hire purchase transaction in Maharashtra by Nidhi Jain, 18th July 2011
• Note on Vat on lease and hire purchase transaction in Punjab by Nidhi Jain, 18th July 2011
• Article on RBI gets stringent on overseas business of NBFCs by Aditi Jhunjhunwala, 16th July 2011
• News Update: RBI rules out NBFCs from priority sector, Nidhi Bothra, 11th July 2011
• Article on Collective Investment Schemes or how gullible investors continue to lose money by Vinod Kothari and Nidhi Jain , 11th July 2011
• Note on Vat on lease and hire purchase transaction in Delhi by Nidhi Jain, 6th July 2011
• Article on the Limits of arbitrability: SC ruling limits arbitrators' right on mortgages, potentially even hypothecations, by Vinod Kothari, 4th July, 2011
• Quick notes on Leasing by Vinod kothari, 27th June 2011
• Note on rental contracts versus lease contracts by Vinod Kothari, 22nd June, 2011
• Article on Sale and Leaseback Transaction: Walking on Achilles' Heels by Vinod Kothari, 20th June, 2011
• Article on Cars on Lease: Whether entitled to higher depreciation under IT Rules?, Kamil Sayeed, 18th Jan, 2011
• Note on Stamp duty on lease transactions in Maharashtra, Nidhi Ladha, 8th January, 2011
• Law on Assignment of Receivables, Vinod Kothari, 6th January, 2011
• Note on Rental Contracts Vs. Lease Contracts
• New set of directions for NBFCs - old wine in old bottle, with a new sticker
• O VAT a lease! VAT makes lease transactions tax efficient - Vinod Kothari reveals
• Guide to sales-tax and VAT on leasing and hire purchase
• State tax official frustrating SC ruling on inter-state sales
• Kerala High Court upholds sales-tax and service tax on leases
• Supreme Court upholds property rights of a hire vendor
• The leasing lagaan is on: leasing industry's cricket match with the CBEC flops
• Karnataka HC ruling deals body blow to lease tax depreciation
• SC ruling expands the scope of entry tax
• AP High Court ruling affirms no tax on inter-state leases
• Delhi proposals on sales-tax carry unbridled optimism: a simple poison pill for leasing
• Service tax proposals passed, but officials try to soothe

• Maharashtra proposes VAT on leases

• Karnataka proposes sales-tax on lease of software

• Delhi proposes sales-tax on lease transactions

• Sales-tax contingency deposit not taxable as income

• More news

New materials
(added August 2010)

• IASB's exposure draft on leasing - The end of finance-operating lease distinction - Vinod Kothari, 19 August, 2010

• Page on Chinaupdated

• Report on Russian leasing by IFC
• Full text of the Ukraine law on leasing
• Latest text of the UNIDROIT convention on international financial leasing
• Vinod Kothari's detailed analysis of service tax proposals in India
• New link on leasing in Russia An interesting link to IFC's leasing project giving IFC documents, newsletters, articles, etc..
• Accounting for leases under the new accounting standard AS 19 (India) Read this elaborate article by Vinod Kothari discussing the new accounting standard in details.
• Japanese leasing industry Read about the Japanese leasing industry in comprehensive details on the website of Japanese Leasing association
• Drafting and Negotiating Key Provisions in an Equipment Lease by Michael E. Burke and Martin J. Herman, of CFLA Associate Member Blake, Cassels and Graydon LLP, on CFLA website.
• A new service tax hits leasing and HP companiesl - the tax is not only discriminatory, it is also unconstitutional, feels the author. This site will also answer your queries on service tax on leasing/HP transaction.
• Vinod Kothari's presentation on the Financial Companies Regulation Bill - the bill contains some very sweeping powers to the Police and CLB
• Vinod Kothari's article on CBDT circular on depreciation for leasing companies
• Text of CBDT circular dated 9th Feb., 2001
• Vinod Kothari's article on accounting standard for leases in India
• International Cross-border Tax leasing by David H. Bamberger
• Indian Leasing 
  badly needs a safe harbour by Vinod Kothari

The World of Leasing