Rent, Rates, & Taxes of Building - Section 30

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..... n repairs by tenant is treated as deemed as building and depreciation is allowed to the tenant on deemed building. Capital expenditure on repair by the owner shall be added to the cost of building. Any sum paid (whether as owner or tenant) on account of land revenue, local rates or municipal taxes. However, these are allowable subject to provisions of section 43B i.e. if these expenses are claimed .....

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