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Land lord has asked us to pay capital value and rent both

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(Querist)
25 September 2016 what is the difference between rent and capital value. Whether both of these payments are allowance in income tax for partnership firm and private limited company also.
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CA Amrita Chattopadhyay

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CA Amrita Chattopadhyay (Expert)
27 September 2016 Rent is the amount that is paid on the monthly basis. The capital value may be the advance or the deposit which is paid to the landlord. This value is generally repaid when you vacate the premises. The revenue expense is permitted in the case of income tax
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