Income from house property - Deduction u/s 23(1) - Annual mixed ...

Mixed Use Charges Not a Tax, No Impact on Property Value, Non-Deductible u/s 23(1) of Income Tax Act.

March 7, 2022

Case Laws Income Tax AT

Income from house property - Deduction u/s 23(1) - Annual mixed use charges paid by the assessee to Municipal Corporation - The said charges is in the nature of regularization of the usage of the property, which cannot be construed as tax levied by the local authority/Municipal Corporation of Delhi - collection of the annual mixed used charge will not make any difference in the annual let out value of the property, therefore the same is not allowable as per the proviso under section 23(1) of the Income Tax Act, 1961. - AT

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Income from house property - Deduction u/s 23(1) - Annual mixed ...

Mixed Use Charges Not a Tax, No Impact on Property Value, Non-Deductible u/s 23(1) of Income Tax Act.

March 7, 2022

Case Laws Income Tax AT

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