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Can we claim corporation and water tax in our tax exemption?- Property Hotline
Posted
July 28, 2016
Views
67
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July 28, 2016
67
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1:05Now PlayingExpert: Harsh Roongta, Chartered Accountant and a SEBI registered Investment Advisor.
Question: Can we claim corporation and water tax in our tax exemption?
Answer: 1) For self-occupied flats - No
2) For rented out flats - you can claim a deduction for corporation tax from the rentals. Water tax is not deductible.
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