Business profession
This query is : Resolved
07 November 2015
if the building is taken on rent for business and profession and. repairs are made then it is allowed?
Yogesh Agarwal
(Expert)
07 November 2015
Yes, it is allowable expenditure.
07 November 2015
but the building holder will take deduction also under head house property for 30%
Yogesh Agarwal
(Expert)
07 November 2015
This is a advantage given under income tax act to the tax payers to claim deduction @30% irrespective of actual expenditure. So you go ahead with claiming the expenditure..
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