Brokerage exp.
This query is : Resolved
30 August 2012
URGENT
one has given his property on rent to ICICI bank on Rs.77000/- per month
for this purpose he paid Rs.231000/- as brokerage
is brokerage allowable as expense ?
Its urgent .....
one has given his property on rent to ICICI bank on Rs.77000/- per month
for this purpose he paid Rs.231000/- as brokerage
is brokerage allowable as expense ?
Its urgent .....
01 September 2012
In rental income you receive 30% deduction u/s 24 ,this deduction is for all type of expenditure.
If giving property is his business than the deduction is allowed.
If giving property is his business than the deduction is allowed.
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