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
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
- GSTR9 Annual Return
- Reward for festival
- Ito add credit side of bank
- Employee secondment
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Capital gain on commercial property and investment in residential property
- LLP audit and disclosure
- Rent agreement of House of deceased person
- RCM and same line
- TDS Return Statement Status
- ARCA LOGIN
- Appointment of Auditor By Form ADT-1
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
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
