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Municipal Tax under Income from House Property

This query is : Resolved 
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(Querist)
23 June 2010 Please clarify whether Advance Payment of Municipal Taxes (upto 2015) paid during the previous year can be allowed as exemption for previous year,

Thanks in advance
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
23 June 2010 Municipal taxes can be claimed on payment basis even paid for differnent financial year, but payable cannot be claimed
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
23 June 2010 it will be allowed on paymwnt basis
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