Under leave and license agreement a license fee is charged as compansation for the occupation of the property/shop/office space. Is this considered as Rent and/or qualify for deductions towards maintenance of property at the end of year while calculating tax?
Menu
Leave and license fee
Replies (1)
Yes... You can claim as expenditure for the license fees whatever you pay U/S. 37 of Income Tax Act...
Recent Threads
- Missed GST Reporting for March 2025
- Future and Option Turnover
- Outstanding demand
- Error in filing income tax return
- DRAFT - DIRECTOR's REPORT OF BASE LAYER NBFC
- Amt of LTCG required to be reinvested on house pro
- Charity Commissioner of Maharashtra site error
- GST under my personal name
- FORM 26QB CORRECTION DATE OF PAYMENT/CREDIT
- Which TDS section Applicability - Education suppor
Related Threads
CAclubindia
