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Calculation of Income from House Property
Replies (3)
No, municipal tax should be deducted from both of the houses as per share
Your answer is not clear. Only one house is given for rent. Then how can I deduct taxes of both the houses? Since the tax of self occupied house is more, I plan to deduct the same. Is it possible?
Municipal tax can be deducted only from let out property.
Municipal tax is deducted before determining the annual value, consequently in sop you cannot deduct Municipal tax since the very annual value is NIL
Municipal tax in respect of let out property can be deducted.
Municipal tax is deducted before determining the annual value, consequently in sop you cannot deduct Municipal tax since the very annual value is NIL
Municipal tax in respect of let out property can be deducted.
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