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Brokerage on rent
Whether brokerage on rent collection on commercial building will allowable under business head?
Replies (3)
Yes if it's legal
If Nature of Business is let out of commercial building/s then brokerage is allowed as expenditure, if not i.e., under income from house property head no expenses are allowed for deduction due availability of standard deduction @ 30%
Yes of course , it is allowed while computing business income.
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