Income Tax on Rent
This query is : Resolved
30 March 2009
I am having a rental income The property tax is paid by the tenant I want to know can I claim the property tax amount in my Income Tax returns as deduction as it is paid by the tenant.
30 March 2009
No,
property tax is allowed as deduction from GAV only if
it is paid(i.e. payment made not outstanding )
by owner
during the previous year.
since it is paid by tenant , NOT ALLOWED
property tax is allowed as deduction from GAV only if
it is paid(i.e. payment made not outstanding )
by owner
during the previous year.
since it is paid by tenant , NOT ALLOWED
30 March 2009
i support mr. manmohan...it wont be allowed
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