Rent expense allowed as deduction?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 January 2014
Rent agreement executed between Director of company and Licensor. Can rent expense allow as deduction under I.T.?
30 January 2014
If the premises is being used for the purpose of business, payment is made by company and TDS (if applicable) is deducted u/s 194I, you can claim deduction.
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