House Property NAV
This query is : Resolved
16 July 2022
I am computing income from house property. I am just confused regarding Municipal Taxes.
I have paid property tax and solid waste management tax to Municipality (Composite amt) and have also paid Urban Land Tax and Water Tax to Municipality for FY 21-22.
Can anyone let me know what tax to be considered while calculating Net Annual Value?
I have paid property tax and solid waste management tax to Municipality (Composite amt) and have also paid Urban Land Tax and Water Tax to Municipality for FY 21-22.
Can anyone let me know what tax to be considered while calculating Net Annual Value?
16 July 2022
A single bill issued by Municipality over the property, which includes water charges, is to be considered. Generally urban land tax is very nominal, which may be added to it. Solid waste management charges are not specifically included in it.
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16 July 2022
Sir. Thanks for reverting.
But i am receiving different bill which shows as Payment of Water Supply.
Can i add the same to it??
But i am receiving different bill which shows as Payment of Water Supply.
Can i add the same to it??
16 July 2022
Don't add any bill/s as additional supplies...
18 July 2022
30% STANDARD DEDUCTION ALLOWED FOR SUCH EXPENDITURE.
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