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House property

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 July 2014 property tax and the municipal tax is same and can I take the deduction of property tax paid in calculation of income from house property as municipal tax
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
03 July 2014 Not same. Former is land tax paid in village office and the later is building tax paid in panchayath /municipality/corporation office. To compute 'house property' income, permissible deduction is ONLY for 'building tax'.
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Rupesh Jain

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Rupesh Jain (Expert)
04 July 2014 you can claim only municipal tax for calculating income from house property
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Querist : Anonymous

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Querist : Anonymous (Querist)
13 August 2014 thank you so much sir

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