Income from house property

This query is : Resolved

Purushottam Kumar (Querist)
Follow

10 October 2012 Ram a tenant has directly paid Rs 1000/- as municipal tax as per mutual agreement between Ram & Kumar ( Landlord ), Now Ram has deducted Rs 1000/- from rent and paid the remaining rent amount to kumar, whether kumar is eligible for deduction i.e. 1000/- while computing the net asset value.

swasti

swasti (Expert)
Follow

11 October 2012 Yes Certainly. Since property is the name of Kumar,the property tax receipt would be bearing the name of Kumar which indicates that Kumar is the payer of property tax.

Message likes : 1 times