Hi,
A has rented out House property for the period Aug-19 to Mar-20.
Can he claim a deduction for municipal tax he paid for the period Apr-19to Jul-19 when the property was not on rent but was Self occupied?
Or he can only claim Municipal tax paid for Aug to Mar?
Thanks in advance.
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Municipal tax deduction
Replies (5)
Municipal tax shall be divided in proportion to the period of self occupancy and letting period. In your case, he can claim municipal tax deduction only for Aug to March.
As per Section 23(3) In case where a house property is let out for the part of the year and self occupied for part of the year then the municipal taxes for the whole year is allowed as deduction provided it is paid by the owner during the previous year
I agree with Mr. Shivam Garg. Please accept my apology and avoid my previous reply/comment.
Even I agree with Shivani Garg.
Thank you all!!
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