House property
This query is : Resolved
24 December 2014
DEAR SIR,
I HAVE PAID MUNICIPLE TAX ON WHOLE COMPLEX. CONSEQUENTLY, I HAVE RECEIVED HOUSE RENT AS PER SHOP BASIS . KINDLY SUGGEST ME ON WHAT BASIS I CAN PROPORTIONATE DISTRIBUTION OF MUNICIPLE TAX.
THANKING YOU
I HAVE PAID MUNICIPLE TAX ON WHOLE COMPLEX. CONSEQUENTLY, I HAVE RECEIVED HOUSE RENT AS PER SHOP BASIS . KINDLY SUGGEST ME ON WHAT BASIS I CAN PROPORTIONATE DISTRIBUTION OF MUNICIPLE TAX.
THANKING YOU
24 December 2014
you divide the whole complex in sq feet of shops and take proportinate share of municipal taxes paid.
24 December 2014
when you calculate the income tax then you can claim the whole amount agasint the complex income.
and you can divided the municipal tax on the basis of area or basis as charges the municipal corp.
and you can divided the municipal tax on the basis of area or basis as charges the municipal corp.
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