Is Brokerage & Stamp Duty paid under Leave & License Agreement i.e Rent Agreement is deductible Expenses from Rental Income?
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Brokerage and Stamp Duty paid under rent Agreement
Replies (5)
Stamp duty are in nature of legal charges n captilised so no deduction from rental income
No, the deductible expenditure from rental income are :-
Standard deduction @ 30% u/s 24 and any interest on loan for purchase/ construction of house property
NO DEDUCTION WOULD BE AVAILABLE AS STANDARD DEDUCTION 30% IS AVAILABLE
It is of capital nature but ya int on loan taken is deductible subject to certain conditions n limits
Not deductible
:)
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