municipal tax

28 October 2017

why municipal tax is not deducted when gross annual value is NIL?

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7 Replies

(Guest)

figure should be possitive

Ashiwini Ballodia (Managing Partner at TAXounting) (8727 Points)
Replied 29 October 2017

Municipal Tax not to deducted from GAV if it is NIL

CA Rashmi Gandhi (Chartered Accountant) (86303 Points)
Replied 30 October 2017

However if your house is vacant through out the year then you can deduct municipal tax from GAV.

CA Rashmi Gandhi (Chartered Accountant) (86303 Points)
Replied 30 October 2017

NAV is nil for self occupied house not GAV.....So you cant deduct municipal tax...

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Rahul Chhabadia (168 Points)
Replied 05 November 2017

In case of self occupied and un occupied property only interest deductions under section 24 b are allowed

CA Rashmi Gandhi (Chartered Accountant) (86303 Points)
Replied 05 November 2017

In case if self occupied only interest will deducted while in unoccupied house both interest & municipal taxes are dedcuted

Rahul Chhabadia (168 Points)
Replied 05 November 2017

Ohkk and thanks for correction

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