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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)
| Originally posted by : Sai Tharun Boppana | ||
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Take the proportionate amount i.e. Rs. XXX *2/3. For example, if it is Rs. 3,000/- you can claim Rs. 2,000/-. |
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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%
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