Property tax


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
14 February 2013 In which head property tax should be posted in accounting books?

14 February 2013 Under the Head "Income From House Property"

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
14 February 2013 Whether it can be treated as business expenditure, if a businessman paid property tax out of business income?

14 February 2013 yes
If paid by tenant
if owner is claiming deduction
then it should be actully paid by him

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
14 February 2013 if a manufacturing company/firm pay property tax in respect of business property owned by one of the director/partner, what should be accounting procedure? whether it can be consider as business expenditure & allowed for income tax purpose?

17 August 2023 Yes, it is business expenditure when the property is used for any business activities.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details