Hi,
I am having 2 property 1 is self occupied property, and one is rented property. Am i eligible to claimed for muncipal taxes deduction for both property? Kindly advise me ASAP.
Thanks
Sandip
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Loss from house property
Replies (3)
HOW EVER SELF OCCUPIED PROPERTY NAV IS NIL
LET OUT PROPERTY U CAN CLAIM MUNCIPAL TAXES PAID
Thanks Ganesh for your prompt reply. Do you mean to say i am not eligible to claim for self occupied Property on municipal taxes.?
Thanks
Sandip
Yes, cannot claim deduction of municipal taxes on self occupied property and the net annual value is considered as NIL in case of self occupied property.
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