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Calculation of Income from House Property
Ajayghosh Ts (21 Points)
15 August 2021
3 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 15 August 2021
No, municipal tax should be deducted from both of the houses as per share
Ajayghosh Ts
(21 Points)
Replied 15 August 2021
Your answer is not clear. Only one house is given for rent. Then how can I deduct taxes of both the houses? Since the tax of self occupied house is more, I plan to deduct the same. Is it possible?
Abhishek Purohit
(52 Points)
Replied 17 August 2021
Municipal tax can be deducted only from let out property.
Municipal tax is deducted before determining the annual value, consequently in sop you cannot deduct Municipal tax since the very annual value is NIL
Municipal tax in respect of let out property can be deducted.
Municipal tax is deducted before determining the annual value, consequently in sop you cannot deduct Municipal tax since the very annual value is NIL
Municipal tax in respect of let out property can be deducted.
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