House property deductions
This query is : Resolved
30 July 2012
Dear All,
If a Building is consisting of SOP and LOP both equally, whether we can claim the whole amount paid to Muncipal Taxes from the Rent Received (LOP) or we need to take only half of the amount paid.
Please confirm me regarding the same.
Thank You in Advance.
If a Building is consisting of SOP and LOP both equally, whether we can claim the whole amount paid to Muncipal Taxes from the Rent Received (LOP) or we need to take only half of the amount paid.
Please confirm me regarding the same.
Thank You in Advance.
30 July 2012
Half of the muncipal tax you can claim from rent income.
Message likes :
1 times
30 July 2012
Agreed with the reply
30 July 2012
50% of the muncipal tax you can claim
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- Defective Return - Tds on advance
- Income Type for interest from government bonds
- Not a CA , can we prepare balance sheet
- TCS ON SOFTWARE SALES
- Is receivable or recoverable same thing
- Bifurcation of prepaid expenses
- What is meaning of cumulative method of interest
- TDS - Form 26QB - Installment - Final payment Query
- ITR 6 Schedule CFL and UD Issues
- Gstr 9 2023-24
- GSTR-9 HSN Summary and Credit Note without item
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
