Hi,
A has rented out House property for the period Aug-19 to Mar-20.
Can he claim a deduction for municipal tax he paid for the period Apr-19to Jul-19 when the property was not on rent but was Self occupied?
Or he can only claim Municipal tax paid for Aug to Mar?
Thanks in advance.
5 Replies
sukhwani keyur
(588 Points)
Replied 29 May 2020
Municipal tax shall be divided in proportion to the period of self occupancy and letting period. In your case, he can claim municipal tax deduction only for Aug to March.
shivam garg
(47 Points)
Replied 29 May 2020
As per Section 23(3) In case where a house property is let out for the part of the year and self occupied for part of the year then the municipal taxes for the whole year is allowed as deduction provided it is paid by the owner during the previous year
sukhwani keyur
(588 Points)
Replied 29 May 2020
I agree with Mr. Shivam Garg. Please accept my apology and avoid my previous reply/comment.
Recent Topics
- Extended Date of GSTR-1 for the month of July 2020
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF UNCLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
Related Threads
CAclubindia
