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Municipality Tax in House Property

This query is : Resolved 
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(Querist)
24 September 2009 If a person pays the municipality tax in advance can it be deducted from the Gross Annual value

or only the tax paid for the current year can be deducted?
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
24 September 2009 It is the tax paid and not a liability on accrual basis. As such, deduction on account of tax paid ia allowable.
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Kapil Arora

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Kapil Arora (Expert)
24 September 2009 As per Section 23 of Income Tax Act, 1961 amount paid in a previous year is allowable to be deducted to arrive GAV so whether it is off currentyear or last year or coming year
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
24 September 2009 I have a different view, muncipal tax tax for last year and current year shall only be allowed, ADVANCE MUNICIPAL TAX PAID IS NOT ALLOWED
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
24 September 2009 i agree with Manmohan
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
26 September 2009 Municipal Taxes paid (Current year / advance / arrear) can be deducted.
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