banner_ad

Whether Commission paid for arrangement of Tenant deductible from NLV

Tax queries 216 views 1 replies

1. We paid a commission of Rs. 2 Lakh, through account payee cheque, in respect of letting out the commercial property my query is whether the same are deductible from NAV ? 

2. we also paid appx 5 Lakh to Municipal Corporation as land use conversion charges  & parking charges, whether this amount also deductible from NAV ?

Kindly Advise.. 

Replies (1)
1. I don't think 2 lakhs is deductible. You will get 30% flat deduction from NLV.

2. 5 lakhs paid to Municipal Corporation is not deductible from NLV.
This 5 Lakhs is a capital expenditure which will be added to the property cost.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details