Menu
Municipal tax on house property
Dear friends,
A building has three floors, first floor is self occupied balance second and ground floor has been let out. As per rule Municipal tax can be claimed as deduction only for let out property. now how can i claim municipal tax deduction for the second and ground floor when i calculate Income from house property?
Replies (4)
Take the proportionate amount i.e. Rs. XXX *2/3.
For example, if it is Rs. 3,000/- you can claim Rs. 2,000/-.
| Originally posted by : Sai Tharun Boppana | ||
 |
Take the proportionate amount i.e. Rs. XXX *2/3. For example, if it is Rs. 3,000/- you can claim Rs. 2,000/-. |
 |
AGREED
Dear Article,
As you are aware, you will be eligible for deduction only for let out property.So as per in your case, you are eligible to take deduction for 2/3 of municipal tax.
| Originally posted by : Sai Tharun Boppana | ||
|
|
Take the proportionate amount i.e. Rs. XXX *2/3. For example, if it is Rs. 3,000/- you can claim Rs. 2,000/-. |
|
Agreed 100%
Recent Topics :
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
- Sell of CAFC books
Related Topics :
CAclubindia
