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Municipal/Panchayat annual property tax-deduction regarding-u/s 24 if I.T.Act
In respect of self occupied joint house/flat purchased out of 'own funds', can I, a Sr. Citizen claim deduction of annual property tax paid to Municipality/Local Panchayat office, from out of my Gross income before calculating my I.T. obligations every year u/s 24 of I.T.Act?
Replies (5)
Quick Summary
No you cant claim because gross annual value for self occupied property is nil
Post more details
@ sabyasachi mukherjee, what 'more details', you require please?
No you can't as the property is self occupied and gross annual value is nil as specified by Abhishek arthur
These sre all kwoledge forum not live examples
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