House property

Yes

CA Suraj Lakhotia

Admin

22-Aug-21 12:41

Paid advance for next ay.while filing current itr can I claim ?

vasabattula abhinav

CA Final

★ 85

22-Aug-21 12:43

Sir, but as per provision tax levied by local authority is allowed as deduction.

Thread Starter

Abhishek Purohit

CA Inter

★ 10K+

22-Aug-21 12:48

Which means liability must have been incurred

Thread Starter

Abhishek Purohit

CA Inter

★ 10K+

22-Aug-21 12:53

Its allowed in payment basis

CA Suraj Lakhotia

Admin

22-Aug-21 12:56

.

Thread Starter

Abhishek Purohit

CA Inter

★ 10K+

22-Aug-21 12:57

Sorry

Thread Starter

Abhishek Purohit

CA Inter

★ 10K+

22-Aug-21 12:58

https://www.incometaxindia.gov.in/Documents/Students/Learning/HOUSE%20PROPERTY.pdf Please refer to example given in Page 5.

CA Suraj Lakhotia

Admin

22-Aug-21 13:10

Proviso - Provided that the taxes levied by any local authority in respect of the property shall be deducted (irrespective of the previous year in which the liability to pay such taxes was incurred by the owner according to the method of accounting regularly employed by him) in determining the annual value of the property of that previous year in which such taxes are actually paid by him.

CA Suraj Lakhotia

Admin

22-Aug-21 13:12

Yes

anju B

CA Inter

★ 21K+

22-Aug-21 14:39

Ok, thank you sir

Thread Starter

Abhishek Purohit

CA Inter

★ 10K+

22-Aug-21 19:43

Thankyou sir

Sahana Sirsikar

CA Inter

★ 9K+

22-Aug-21 20:20