Brokerage paid on renting of property not allowable u/s. 23 and 24 of the Income Tax Act

RELEVANT PARAGRAPH 2.6 A careful perusal of the various items of expenditure specified in section 24 which have been reproduced in para 2.4 earlier shows that there is no provision for deduction on account of brokerage paid in connection with renting out of the property. Brokerage could be claimed as collection charges if as per the agreement, it is the responsibility of the broker to collect the rent but provision relating to deduction on account of collection charges in sub-clause (viii) of section 24 stand deleted from Assessment year 1993-94 and collection charges are included in the lump-...