Dear Tax experts,
Kindly advise me on the following: I am a pensioner and tax payer under 20% tax slab. I am taking a house rent from my son Rs.7500 per month. Can I claim property tax paid to municipality in my IT return ?
Thanks
GR Babu
babugr (dgm) (509 Points)
11 April 2018Dear Tax experts,
Kindly advise me on the following: I am a pensioner and tax payer under 20% tax slab. I am taking a house rent from my son Rs.7500 per month. Can I claim property tax paid to municipality in my IT return ?
Thanks
GR Babu
Nikhil Kaushik
(Fellow CA)
(85743 Points)
Replied 11 April 2018
yes. you can claim deduction for the property tax paid