Hi,
For calculation of House Rent income we can deduct Local Taxes
What local tax include
I am paying
1 Property Tax
2 Water Charges / Tax it is not metered everybody pays according to Area of house
3 Sewage /Drainage Charges
Thank you
Menu
Local taxes in house rent income
Replies (1)
1. Property tax only..
Recent Topics :
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
- IMS Rejection of Sales and Sales return
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
Related Topics :
CAclubindia
