House property

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Querist : Anonymous

Querist : Anonymous (Querist)

12 March 2014 while caluculating house property income for the financial year 2012-13,if assessee paid municipal taxes arrears of previous 6 years l.e (2007,8,9,10,11,12,) along with current year municipal taxes (2012-13).

my question is whether such municipal taxes arrears can be deducted from Gross annual value?

Anand Dad

Anand Dad (Expert)
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12 March 2014 Yup.....

The municipal taxes
may be claimed on payment basis i.e., only in the year they
were paid even if the taxes belonged to a different year