House property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 March 2014
while caluculating house property income for the financial year 2012-13,if assessee paid municipal taxes arrears of previous 6 years l.e (2007,8,9,10,11,12,) along with current year municipal taxes (2012-13).
my question is whether such municipal taxes arrears can be deducted from Gross annual value?
my question is whether such municipal taxes arrears can be deducted from Gross annual value?
12 March 2014
Yup.....
The municipal taxes
may be claimed on payment basis i.e., only in the year they
were paid even if the taxes belonged to a different year
The municipal taxes
may be claimed on payment basis i.e., only in the year they
were paid even if the taxes belonged to a different year
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