Municipal taxes paid by one co-owner in case of joint ownership

23 June 2017

Under Income from House property, do other co-owners get a proportionate deduction of Municipal taxes paid by one of the co-owner?

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2 Replies

Piyush Tanwar (Assistant Manager - Accounts) (1432 Points)
Replied 23 June 2017

Proportionate deduction of municipal taxes is allowed as per the share of parties in the property.

Thanks and Regards

Piyush Tanwar

Semi Qualified CA and Internal Auditor

Mobile - 9717468521

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CA Hariprasad Nayak (Chartered Accountant) (221 Points)
Replied 23 June 2017

There is nothing that bars claiming Municipal taxes in the hands of all the co-owners.

Regards,

CA Hariprasad Nayak

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