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.
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
- EXPENSES OF COMMISSION AGENTS
- RCM invoice related QRMP
- WHO WILL PAY TDS UNDER SECTION 194IA?
- MAT Credit Availability
- Late fee CMP-08 FY 2021-22
- Mismatch in gstr-1 and eway bill invoice no
- Clarification Regarding Tax Deduction at Source on Receipt Against Issuance of Privilege Voucher
- GST TDS on metal scrap
- ITC Inter head difference
- 80CCD(2) of IT ACT
Trending Online Classes
-
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
CA Nipun Arora03 September 2025 -
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Industry Expert15 September 2025
CAclubindia
