Income from house property
This query is : Resolved
10 October 2012
Ram a tenant has directly paid Rs 1000/- as municipal tax as per mutual agreement between Ram & Kumar ( Landlord ), Now Ram has deducted Rs 1000/- from rent and paid the remaining rent amount to kumar, whether kumar is eligible for deduction i.e. 1000/- while computing the net asset value.
11 October 2012
Yes Certainly. Since property is the name of Kumar,the property tax receipt would be bearing the name of Kumar which indicates that Kumar is the payer of property tax.
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