Rented Property

USB Bhise (9 Points)

07 December 2023  
Dear Sir / Madam,

Please provide us with better knowledge against the below query.

we are in a Manufacturing Unit and we have rented a Plot which is 40 Km from our Company in this plot we are investing funds for New Sheds / Construction work & purchase of Machinery for future business purposes.

So whether we can claim the expenses which are occurring on the above rented plots? any limitations are there to invest the amount in rented Property? whether we can construct a rented Property ? How can it be claimed?

Appreciate your feedback Sir...