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Hari Beldona's Expert Profile

Queries Replied : 377

About me

Hi,

I am a Chartered Accountant, I attained my qualification in Nov, 1990, I served in different manufacturing organisations, especially in steel industry. At present I am a practicing chartered accountant.

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Nand Kishor Paliwal says : Reply
Thanks for your reply regarding Non deduction of TDS on Building rent. Sir here we have to state you that concern firm is a education institute and rent was based on lease aggrement for 10 year. Managment did not received any bill from party but paid rent by cheque on monthly basis. Therefore I want to know that what we have to do in this situation as institution fee income is exempted below 1 crore therefore we not require to fill ITR in dept. Please clarify the same yours N K Paliwal

murari says : Drafting Fees as a part of cost of acquisition
Dear Sir, You very kindly replied to my query yesterday about whether drafting and lawyer fees are to be included in the cost of acquisition. But the law is silent on this. Can you kindly advise me if there is a decided case on this matter. Will be very grateful for help