If we register the Leave and Licence Agreement or Rent Agreement for residential House in court, then can we deduct the Stamp duty + Court Fee + Brokerage charges from Income from property? Thank you!
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Income from property:deduction of lease agreement reg fee?
Replies (2)
No such deduction will be allowed because you get a fixed standard deduction of 30% of rental income, which covers more than all of your expenses.
Thank you for the clarification. regards, Vishwajeet
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