House property
This query is : Resolved
Querist : Anonymous
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
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'.
04 July 2014
you can claim only municipal tax for calculating income from house property
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 August 2014
thank you so much sir
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