Income from property

If licensee pay the flat maintaince to the society so whether the standard deduction of 30 percent allowable to licensors from rental income recd from licensee 

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Quick Summary
This discussion clarifies whether licensors can claim the standard 30% deduction on rental income when licensees pay flat maintenance fees. The answer is yes, provided the leave and license agreement includes a specific clause allowing for this. It's important to note that the agreement cannot override the governing Act when assessing income from house property.

Yes, subject to the specific clause incorporated in leave & license agreement.

Leave and license agreement is not an absolute clause superseding the Act in assessing the income from house property.

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