19 March 2009
as i have already paid tax on house, i strongly feel this figure should get some value in my Tax filing.
i have one flat, in which no body is staying currently, recently i paid Rs.8000 as house tax there , i m also having loan on this flat, for which i m getting exemption on Principal and interest components.
I want to know , if there is any section under which , the house tax , to be mentioned and i get exemption on it ??
19 March 2009
You can only get the deduction of Municipal Taxes levied. I believe it is Municiapl taxes only, if so you can deduct it from your GAV (if deemed to be let out), otherwise not.
CAclubindia
