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Municipal taxes paid by one co-owner in case of joint ownership
Under Income from House property, do other co-owners get a proportionate deduction of Municipal taxes paid by one of the co-owner?
Replies (2)
Proportionate deduction of municipal taxes is allowed as per the share of parties in the property.
Thanks and Regards
Piyush Tanwar
Semi Qualified CA and Internal Auditor
Mobile - 9717468521
There is nothing that bars claiming Municipal taxes in the hands of all the co-owners.
Regards,
CA Hariprasad Nayak
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