Deduction for municipal taxes
This query is : Resolved
07 March 2009
Under section 24 Municipal / property taxes paid is allowable as deduction from income from House property.
Similarly under the service tax laws as per notification 24/2007 provides for deduction of municipal / property taxes paid is allowed as deduction for purposes of computing service tax payable.
Can an assessee claim both these deductions ? or as in the case of CENVAT on capital goods and depreciation , only one deduction is allowed either for service tax or under Income tax?
Similarly under the service tax laws as per notification 24/2007 provides for deduction of municipal / property taxes paid is allowed as deduction for purposes of computing service tax payable.
Can an assessee claim both these deductions ? or as in the case of CENVAT on capital goods and depreciation , only one deduction is allowed either for service tax or under Income tax?
07 March 2009
Both these deductions are separate. You can claim deductions both in service tax and in income tax.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Tds on building rent monthly
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- REGARDING ACCOUNTING CODE FOR SERVICE TAX PAYMENT
- Redevolpment of bldg in mumbai
- Refund of AY 22-23
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
