Municipal taxes if receipt not in our name
This query is : Resolved
14 February 2014
A Company has given a Property on Rent(much more than SSI limit of Rs.10 lacs). It is paying Municipal Taxes. The Property is on the Company's name. However, the Municipal Receipt is still issued in the name of the Builder. Payment of Municipal Taxes is being made through cheque from the Company's Bank Account. Whether deduction of Municipal Taxes under Notification 29/2012 is available? Any case law for such a scenario?
15 February 2014
Hi
If Agreement for sale is entered then yes it can be claimed.
Thx
If Agreement for sale is entered then yes it can be claimed.
Thx
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