House property deductions
This query is : Resolved
CA Santosh Havanur
(Querist)
30 July 2012
Dear All,
If a Building is consisting of SOP and LOP both equally, whether we can claim the whole amount paid to Muncipal Taxes from the Rent Received (LOP) or we need to take only half of the amount paid.
Please confirm me regarding the same.
Thank You in Advance.
If a Building is consisting of SOP and LOP both equally, whether we can claim the whole amount paid to Muncipal Taxes from the Rent Received (LOP) or we need to take only half of the amount paid.
Please confirm me regarding the same.
Thank You in Advance.
CA mahesh birla
(Expert)
30 July 2012
Half of the muncipal tax you can claim from rent income.
Message likes :
1 times
SANYAM ARORA
(Expert)
30 July 2012
Agreed with the reply
CA BHARATH KUMAR
(Expert)
30 July 2012
50% of the muncipal tax you can claim
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