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Business profession

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Sanchitt (Querist)
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07 November 2015 if the building is taken on rent for business and profession and. repairs are made then it is allowed?

Yogesh Agarwal

Yogesh Agarwal (Expert)
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07 November 2015 Yes, it is allowable expenditure.

Sanchitt (Querist)
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07 November 2015 but the building holder will take deduction also under head house property for 30%

Yogesh Agarwal

Yogesh Agarwal (Expert)
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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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