Ashutosh
Article Assistant
[ Scorecard : 68]
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Posted On 31 May 2012 at 13:43
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Whether municipal taxes under income from house property includes PROPERTY TAX?
If an assessee gives property tax whether it will be deducted while computing income from house property?
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Giridhar S Karandikar
Team Lead
[ Scorecard : 2671]
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Posted On 31 May 2012 at 13:57
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Yes Municipal taxes means property tax. You get the deduction of the this tax paid, only if your property is let-out during the F.Y. In case of SOP no deduction is allowable
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Mukesh Kumar Rawal
Chartered Accountant
[ Scorecard : 73]
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Posted On 31 May 2012 at 14:08
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GANESHAN
CA-Article
[ Scorecard : 375]
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Posted On 31 May 2012 at 14:09
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yes u can get deduction of Municiple tax / Property tax on the basis of tax paid only by owner of property..
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Ashutosh
Article Assistant
[ Scorecard : 68]
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Posted On 31 May 2012 at 14:49
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Thanks for the reply...
From where i would get a further affirmation? Is there any case law supporting the contentioon that property tax and municipal tax are same?
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Prateek Agarwal
Sr. Executive - Finance & Accounts
[ Scorecard : 1724]
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Posted On 31 May 2012 at 15:47
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They are the same thing...There may be a bifurcation between water tax etc. but property tax and municipal taxes are the same thing.
Hence, it is claimable for your let out property.
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Member (Account Deleted)
CA Student
[ Scorecard : 94]
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Posted On 31 May 2012 at 18:58
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YES. PROPERTY TAXES AND MUNICIPAL TAXES ARE THE SAME. 
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K Ganesan
AGM(Fin)
[ Scorecard : 21]
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Posted On 01 June 2012 at 06:13
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Can the Municipal Corporation(Gurgaon) charge Municipal Tax with retrospective effect.Also the aera in question
is maintained by another state Govt agency called Haryana Urban Development authority.Kindly clarify.
Regds.K Ganesan,Gurgaon.
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Dixit Shah
Articleship
[ Scorecard : 283]
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Posted On 01 June 2012 at 10:54
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Property Tax is part of Municipal Taxes.
So while computing IFHP. u/s 23(1) , You can get deduction when it is actually paid.
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Ankit
Articles
[ Scorecard : 376]
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Posted On 01 June 2012 at 11:56
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Yeah ,they both are the same.
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