House property

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 July 2014 property tax and the municipal tax is same and can I take the deduction of property tax paid in calculation of income from house property as municipal tax

03 July 2014 Not same. Former is land tax paid in village office and the later is building tax paid in panchayath /municipality/corporation office. To compute 'house property' income, permissible deduction is ONLY for 'building tax'.

04 July 2014 you can claim only municipal tax for calculating income from house property


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Querist : Anonymous

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13 August 2014 thank you so much sir


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