madhur (ARTICLE) (39 Points)
13 April 2013Hey ,
there i want to know whether "conversion charges" (paid annually) & Parking Charges (paid annually) to municipal corporation of delhi, be claimed as deduction under head House Property .
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 17 April 2013
Only Municipal taxes paid to the Corporation as per teh Bill provided by the Corporation can be claimed as deduction from teh Gross Rent Received.
AFter that you get a deduction of only 30% of the balance amount towards expenses incurred fro maintaining the house. No other expenditure would be allowed. So you can't get the dedcution for parking chgs etc..
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