Hi All,
Property Tax Refund is taxable under which head?
3 Replies
ARUL PRADEEP
(ARTICLE ASSISSTANT)
(175 Points)
Replied 25 August 2014
It will be taxable under the head of "Income from house Property"
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 25 August 2014
But how come it is refundable?????
NAVEESH DHAR
(ADVOCATE- TAXATION ADVISOR)
(427 Points)
Replied 25 August 2014
There is no way to claim the refund of property tax yet the property tax to be deduct from rental income
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