banner_ad

House property income

Tax queries 499 views 2 replies

Hai,

 

If an assessee has paid property tax of Rs.30000 for the year 2011 in may, 2012 and Rs.35000 for the year 2012 in december, 2012 and Rs.20000 for the year 2013 in february, 2013. Here the question is can he claim the entire property tax of Rs.85000 paid in the FY: 2012-13 as deduction under income from house property or not?

 

Please reply as early as possible.

Replies (2)
Yes he can claim deduction of Rs.85000in fy:2012-13 as deduction for property tax is available on the basis of actual payment.

Yes,It is allowed only on payment basis and provided the house property should be on rental basis.If it is self-occupied,no payment will be allowed as a deduction


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details