Municipal tax paid on sop
This query is : Resolved
29 October 2015
muncupal tax paid on sop shall be taken as deduction or not??
CA AnKiT BoHrA (AB)
(Expert)
29 October 2015
yes that will allowed as deduction
29 October 2015
'Annual value' of self occupied property is NIL. Therefore, deduction of municipal tax doesn't arise.
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