House Property
This query is : Resolved
02 December 2010
Can a owner of property doing business at the same claim rent exps. for the same???
If not allowed and the owner claims then what are the consequences????
If not allowed and the owner claims then what are the consequences????
02 December 2010
No as one cannot charge himself only..
02 December 2010
If a person carries on a business on his Own premises, then he can claim the expense in connection with rent ( May be notional Rent).
The rent expense shall be regarded as business expense of the business.
The rent expense shall be regarded as business expense of the business.
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