Dear Sir ,
Please answer to following query :
Is Property Tax/Municipal Tax paid for Self Occupied Property is allowed as deduction under head Income From House Property ?
Dear Sir ,
Please answer to following query :
Is Property Tax/Municipal Tax paid for Self Occupied Property is allowed as deduction under head Income From House Property ?
| Originally posted by : Rupesh | ||
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Dear Sir , Please answer to following query : Is Property Tax/Municipal Tax paid for Self Occupied Property is allowed as deduction under head Income From House Property ? |
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Where the property is self-occupied for own residence, its Annual Value will be Nil. Hence, no deduction for municipal taxes is allowed in respect of such property.
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But, if the house is deemed to be let out, then municipal taxes can be claimed as deduction.
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