hai 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?
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.
O P Bagla & Co LLP
New Delhi
CA Inter
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Shyam Joshi & Associates
Pune
B.Com
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Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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