ramshad (pcc student) (29 Points)
24 May 2010hai friends..
I would like to clarify one doubt pls help me..
if Mr X owns a house property, he let out one- half portion of it and remaining part he used for own business purpose.
in this situation what will be the treatment of property tax paid by Mr X for the portion of the house that he occupaid for own business? can he take that amount to p&l account of business?
Shudhanshu Agrawal
(Business)
(2570 Points)
Replied 24 May 2010
Half of taxes paid will be allowed u/s 30 for usng the building in business where as another half will be allowed under the head House Property.
CAclubindia
