Dear Tax experts,
Kindly advise me on the following: I am a pensioner and tax payer under 20% tax slab. I am taking a house rent from my son Rs.7500 per month. Can I claim property tax paid to municipality in my IT return ?
Thanks
GR Babu
babugr (dgm) (489 Points)
11 April 2018Dear Tax experts,
Kindly advise me on the following: I am a pensioner and tax payer under 20% tax slab. I am taking a house rent from my son Rs.7500 per month. Can I claim property tax paid to municipality in my IT return ?
Thanks
GR Babu
Nikhil Kaushik
(Fellow CA)
(85093 Points)
Replied 11 April 2018
yes. you can claim deduction for the property tax paid
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"