What would be the Treatment of Municipal Tax Refund in case of House Property??
For Ex:
A Person has a House (Let out)
AY-09-10
GAV = 3,00,000/-
Municipal Tax Paid 25000/-
AY 10-11
He Got Municipal Tax Refund of Rs 10000/-
Whether it would be taxable or a Capital Reciept?? if it is Taxable then Under What Head??
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