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Brokerage exp.

This query is : Resolved 
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(Querist)
30 August 2012 URGENT

one has given his property on rent to ICICI bank on Rs.77000/- per month

for this purpose he paid Rs.231000/- as brokerage

is brokerage allowable as expense ?

Its urgent .....
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Praveen Kumar Rathi

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Praveen Kumar Rathi (Expert)
01 September 2012 In rental income you receive 30% deduction u/s 24 ,this deduction is for all type of expenditure.

If giving property is his business than the deduction is allowed.
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