11 replies on this article “Is property-tax eligible for deduction from income-tax”

1. Deb says:

   July 30, 2016 at 4:57 pm

   It is possible to claim deduction in income tax from property / municipal tax payment — See the article in the link mentioned below [ visit the section on the page INCOME FROM HOUSE PROPRTY : DEDUCTION FOR PAYMENT OF MUNICIPAL TAXES]
   http://www.charteredclub.com/income-from-house-property-deductions/

   Reply
2. Razu says:

   April 5, 2016 at 12:44 pm

   I pay property-tax for my apartment. Can I claim this property-tax payment as a deduction from my annual income tax?

   Reply
   1. Manish Chauhan says:

      April 5, 2016 at 3:09 pm

      No , you cant

      Reply
3. Ajay says:

   March 1, 2016 at 7:29 pm

   I pay property-tax for my own house to local municipal authorities. Can I claim this property-tax payment as a deduction from my annual income?

   Reply
   1. Manish Chauhan says:

      March 15, 2016 at 3:18 pm

      no

      Reply
4. ashal jauhari says:

   January 4, 2012 at 9:44 pm

   Dear Sambaran Mitra, I’m glad that I was able to help you out. Please feel free to ask more queries in future.

   Thanks

   Ashal

   Reply
   1. Mangesh says:

      February 15, 2016 at 12:18 pm

      hi team can u please send me the excel macro

      Reply
5. Sambaran Mitra says:

   January 4, 2012 at 3:02 pm

   Thanks a lot Ashal. I downloaded the excelsheet, enabled the macros and played around with it. It clearly showed that property tax can be deducted only if the property is rented, just as you said.

   Playing around with the macro enabled excelsheet can indeed work as a great tutorial. Thanks for your help.

   Reply
6. ashal jauhari says:

   December 31, 2011 at 10:15 pm

   Dear Sambaran Mitra, Please do one thing, download the online ITR-2 excel utility. from income tax site – http://www.incometaxindiaefiling.gov.in

   Alternatively you may check the same info from http://www.incometaxindia.gov.in under the head income from house property.

   There you ‘ll get this property tax related adjustment info.

   Thanks

   Ashal

   Reply
7. Sambaran Mitra says:

   December 31, 2011 at 4:04 pm

   Thanks Ashal. Can you kindly let me know the source of your information? I looked at http://www.vakilno1.com/bareacts/incometaxact/s24.htm
   Specifically bullet no VII. In this article the apartment being rented is not specified as a qualifying clause.

   Reply
8. ashal jauhari says:

   December 31, 2011 at 3:55 pm

   Dear Sambaran Mitra, if the apartment in question is on rent, the property tax paid to local municipal authorities is available for set off from your rental income. In case the apartment is self occupied, no set off is available.

   Thanks

   Ashal

   Reply

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