It query for municipal taxes and two wheeler

This query is : Resolved

Kollipara Sundaraiah (Querist)
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31 October 2021 Sir,
1.it assess ground floor used for business purposes ,let out to another business person and 1st floor used for own residence purpose.municipal taxes pay rs:10,150/-
2.assess purchase of two wheeler personal purposes value rs:65,000/- in f.y.19-20.
Question:
1.municipal total value rs:10,150 calim business expenses allowed in it act
2.two wheeler transfer personal purposes to business purposes allowed in it act .

Dhirajlal Rambhia online

Dhirajlal Rambhia online

(Expert)
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31 October 2021 1. Proportionate or 50% of the tax can be deducted from rental income.
2. If purchased in individual name, its difficult to get such deductions from IT officer.

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