allowance of brokerage from rental income
This query is : Resolved
20 April 2010
My father is having a old property on lease fro over last 30 years. 2 years back we have let out a portion to a MNC on Leave & licence basis throug a broker.
We had claimed deduction of 30% from the rental income in the ITR/Compautation. Now the ITO on scrutiny is not allowing the brokerage paid as expenses from the total income.
Deduction is 4 times the brokerage paid.
We had claimed deduction of 30% from the rental income in the ITR/Compautation. Now the ITO on scrutiny is not allowing the brokerage paid as expenses from the total income.
Deduction is 4 times the brokerage paid.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Is online PGCE worth it?
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
