property tax

ramshad (pcc student) (29 Points)

24 May 2010  

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?