Is Brokerage & Stamp Duty paid under Leave & License Agreement i.e Rent Agreement is deductible Expenses from Rental Income?
Kindly reply with Section.
Pratik Shah (Article) (25 Points)
25 June 2011Is Brokerage & Stamp Duty paid under Leave & License Agreement i.e Rent Agreement is deductible Expenses from Rental Income?
Kindly reply with Section.
CA Rajesh Keshri
(CA)
(175 Points)
Replied 25 June 2011
Aparna Raja K.C
(Student)
(520 Points)
Replied 25 June 2011
No, the deductible expenditure from rental income are :-
Standard deduction @ 30% u/s 24 and any interest on loan for purchase/ construction of house property
prakash
(article)
(222 Points)
Replied 25 June 2011
NO DEDUCTION WOULD BE AVAILABLE AS STANDARD DEDUCTION 30% IS AVAILABLE
Vijay
(Adamo Studio)
(2112 Points)
Replied 26 June 2011
It is of capital nature but ya int on loan taken is deductible subject to certain conditions n limits
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