Is Brokerage & Stamp Duty paid under Leave & License Agreement i.e Rent Agreement is deductible Expenses from Rental Income?
Kindly reply with Section.
5 Replies
CA Rajesh Keshri
(CA)
(175 Points)
Replied 25 June 2011
Stamp duty are in nature of legal charges n captilised so no deduction from rental income
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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