pls anyone can guide me? suppose a property against which rental income is Rs. 700000/- p.m. and the owner has paid municipal tax of Rs. 3100000/- against all arrears till date .can the owner claim deduction of municipal tax against rent and get deduction in service tax.
freinds pls reply me and solve this query.
Yes. He can claim the deduction of the municipal tax paid during that year...
Coz the deduction is allowed on the basis of payment of municpal tax by the owner....
Service tax point??? plz explain...
| Originally posted by : ZoO ZoO | ||
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Yes. He can claim the deduction of the municipal tax paid during that year... Coz the deduction is allowed on the basis of payment of municpal tax by the owner.... |
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Yes the above statement is right....
He can claim the deduction of Municipal taxes. But, I didnt get the point of ST.
CAclubindia
