Rent expenses for business/profession
This query is : Resolved
26 January 2014
Dear Experts
Rent paid for the business premises is eligible as a deductable expense if TDS on rent is not deducted where principle of premises furnish 15g/15hform
Rent paid for the business premises is eligible as a deductable expense if TDS on rent is not deducted where principle of premises furnish 15g/15hform
AVTAR SINGH
(Expert)
26 January 2014
No. The deduction would not be available if the TDS is not deducted. If the taxable income of landlord is below taxable limit, he should apply and get certificate u/s 197 for lower/nil deduction.
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