deduction of municipal tax
This query is : Resolved
22 November 2009
Indian citizen recieved rent from house let out outside india.Will he deduct municipal tax paid from rent recieved from outside india.
CA Ravi Sisodia
(Expert)
22 November 2009
i think yes,it should be deducted.
CA. Rishabh Mittal
(Expert)
22 November 2009
Proviso to Sec 23(1) clearly specifies that taxes charged by local authority in respect of house property shall be deducted in determining annual value of property. It shall be deducted only if paid during the previous year
23 November 2009
Will it be deducted even if it is paid to foriegn govenment.
23 November 2009
Even where the property is situated outside India,taxes levied by local authority of that country are deductible in deciding the annual value of that property.
Citation :- CIT Vs. Venugopal Reddiar (1965) 58 ITR 439(Mad).
Citation :- CIT Vs. Venugopal Reddiar (1965) 58 ITR 439(Mad).
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Reward for festival
- 18% Rent a cab
- Movement of goods by packers and movers - type of sale - Reg.
- Missed uploading GST Invoice
- Gratuity paid to legal heir above 20 lakh is taxable or not
- ARCA LOGIN
- RCM and same line
- Closer of business and itc of capital goods
- Appointment of Auditor By Form ADT-1
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
