House property
This query is : Resolved
SIDDHARTHA GUPTA
(Querist)
23 July 2012
I have paid a sum of rs 1.5 lacs to a property broking firm for arranging a lease for my commercial property.....now my question is can i claim deduction for this expenditure.....if yes under which section and which head?????plz rep some one...:):)
CA.Sourabh Sethia
(Expert)
24 July 2012
you cannot claim such amount as deduction
but since it is commercial property and if you are using such property for business
you can claim deduction U/s 37
and TDS is applicable if you covered by the provision of TDS
since it is commission u/s 194h
but since it is commercial property and if you are using such property for business
you can claim deduction U/s 37
and TDS is applicable if you covered by the provision of TDS
since it is commission u/s 194h
SIDDHARTHA GUPTA
(Querist)
31 July 2012
thanx mr sethia....:)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Taxation of crypto futures in India Fy 2026- 2027
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
