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Property tax paid in advance
If property tax paid in advance can it be allowed to deduct from Gross annual value in the year in which it is paid?
Replies (5)
Quick Summary
Yes.It is allowed.
Yes you can claim it
Yes ensure that same is paid by the owner and not by tenant.
The query is clear that GAV - Property tax
That GAV is related to owner only and it will not be income for tenant
That GAV is related to owner only and it will not be income for tenant
Yes you can claim.
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