Regarding Municipal tax on sop
This query is : Resolved
14 September 2024
Hi , We pay municipal Tax on Self occupied property
Can we claim it under income from house property and claim in let out property
Rent received
Less Municipal taxes for both sop and lop
Here municipal taxes means only for let out property or both sop and lop
Plz may I know the correct answer !
Thank you so much in advance !
Can we claim it under income from house property and claim in let out property
Rent received
Less Municipal taxes for both sop and lop
Here municipal taxes means only for let out property or both sop and lop
Plz may I know the correct answer !
Thank you so much in advance !
14 September 2024
Municipal tax is deductible only for let out property and not for SOP.
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14 September 2024
Thank you sir. For let out property we can claim both property tax and water tax and for sop property it will come under capital account
am i correct sir ?
am i correct sir ?
14 September 2024
Yes. as personal expenditure.
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