Municipal tax

Ranganathan (student) (104 Points)

27 January 2016

Why municipal tax is to be deducted from GAV in computing income from house property?

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RAHUL (Student CA Final ) (377 Points)
Replied 27 January 2016

It is allowed as a deduction.

Ranganathan (student) (104 Points)
Replied 27 January 2016

If the tax is paid by tenant himself, whether the deduction is allowed?

RAHUL (Student CA Final ) (377 Points)
Replied 27 January 2016

Nope. The tax has to be paid/ borne by the owner of the property.

Kamal vashist (Accountant) (183 Points)
Replied 27 January 2016

muncipal taxes is nothing but

it just give as a deduction to a Assesse u/s23

Sathish M (Management Accountant) (40581 Points)
Replied 28 January 2016

Owner of the property is given some benefit under House Property income and taxes paid to municipal authorities is allowed as deduction to the owner.

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