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TMI BlogIncome from House PropertyX X X X Extracts X X X X X X X X Extracts X X X X ..... A Private Limited company M/S XYX Private Limited has given one of its owned premises at rent for the period of 9 years and rent agreement was duly registered by M/S XYZ Private Limited. The total cos ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t incurred for registry expenses was Rs. 350000/-, in this regard I want to know whether the registry expenses incurred by M/S XYZ Private Limited is deductible under the Income Tax Act, 1961. If ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... this expenditure is deductible then can this be claimed in the same year when M/S XYZ Private Limited has incurred registry expenses or else the expenditure can be equally divided for the period of 9 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... years. - Reply By CA. Surender Gupta - The Reply = As per section 23 of the Income Tax Act, 1961 , only the taxes levied by any local authority in respect of the property are allowed to be ded ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ucted from the Annual Value. As per section 24 of the Income Tax Act, 1961 , only the standard deduction and interest portion only is allowed to be deducted. No other deduction can be claimed ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... by the assessee. - Income from House Property - Query Started By: - RAVI SONI Dated:- 26-2-2014 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rt, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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