23 July 2012
I have paid a sum of rs 1.5 lacs to a property broking firm for arranging a lease for my commercial property.....now my question is can i claim deduction for this expenditure.....if yes under which section and which head?????plz rep some one...:):)
24 July 2012
you cannot claim such amount as deduction but since it is commercial property and if you are using such property for business you can claim deduction U/s 37 and TDS is applicable if you covered by the provision of TDS since it is commission u/s 194h
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