14 January 2015
In good old days, especially with respect to plot owners' society, the rent for the plot...called as ground rent used to be paid by the member to the society... A corresponding deduction is, therefore, given in Income Tax Act.
14 January 2015
it is not in today, when local corporation, or municipal corp. collet the rent from the owner of the land. like in open land give to haat bazar then corporation collect the charges from the owner. and also society collect from the members.