Municipal tax on house property
Arvind Viswa (Article student) (47 Points)
08 November 2012Arvind Viswa (Article student) (47 Points)
08 November 2012
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 08 November 2012
Originally posted by : Sai Tharun Boppana | ||
Take the proportionate amount i.e. Rs. XXX *2/3. For example, if it is Rs. 3,000/- you can claim Rs. 2,000/-. |
AGREED
KCJM and Associates
(Chartered Accountants Firm)
(864 Points)
Replied 08 November 2012
Dear Article,
As you are aware, you will be eligible for deduction only for let out property.So as per in your case, you are eligible to take deduction for 2/3 of municipal tax.
CA Bhargav Nathwani
(CA in Practice)
(8307 Points)
Replied 09 November 2012
Originally posted by : Sai Tharun Boppana | ||
Take the proportionate amount i.e. Rs. XXX *2/3. For example, if it is Rs. 3,000/- you can claim Rs. 2,000/-. |
Agreed 100%