Go AD-Free with CAclubindia Pro and get Daily WhatsApp Updates. Subscribe Now!

banner_ad

Calculation of Income from House Property

ITR 302 views 3 replies

Ajayghosh Ts

21 Points Joined June 2018

I am an owner of two Houses, one is rented out and the other is self occupied.
Can I deduct Municipal Tax on self occupied house property while calculating
income from house property? Please give your clarification in this regard.

Replies (3)

CA. Sourav Sarkar

Chartered Accountant

24588 Points Joined November 2019

No, municipal tax should be deducted from both of the houses as per share

Ajayghosh Ts

21 Points Joined June 2018

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?

Abhishek Purohit

52 Points Joined May 2021

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.

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register

Recent Threads

More recent discussions | Post

Related Threads

Latest Job Openings

View all

Featured 14 April 2026

GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details

Featured 28 March 2026

CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details

Featured 19 March 2026

Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details

Featured 13 April 2026

GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details

Featured 29 April 2026

Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details

Featured 28 March 2026

Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details