Under the Head of House property, there is a deduction u/s 24 named Municipal Taxes. What is the definition of Municipal Taxes includes ?, Does the Society Charges are included within the definition of Municipal Taxes ?, Please answer with an appropriate judgment of IT authorities.
3 Replies
Mihir
(Wealth Manager)
(5293 Points)
Replied 12 November 2014
Maintenance to society is not municipal taxes and not deductible u/s 24. Municipal taxes is property taxes paid to local municipality.
satendra
(Trainer)
(41 Points)
Replied 13 November 2014
Municipal taxes is taxes paid to local municipality.
and society charged issued by society. so it will not includ
and society charged issued by society. so it will not includ
CA Akshay Somani
(CA)
(79 Points)
Replied 28 February 2015
Thanks both of u,
please both of you read this mumbai tribunal decision in
Saif Ali Khan Mansurali , Mumbai vs Assessee
https://indiankanoon.org/doc/97367308/
in this decision they include society charges. pls guys u check it out.
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