In case of a self-occupied house property, the annual value of the property shall be nil and thus, deduction of municipal taxes shall not be possible
I am a retired person living in my own house. I file filling ITR every year. I paid Rs 2,800 municipal tax (property tax). Can I deduct the same amount from income from house property?
- C R Patel
While calculating income from house property, a taxpayer is allowed deduction of municipal taxes paid in respect of the house property only if it is let-out or deemed to be let out. In case of a self-occupied house property, the annual value of the property shall be nil and thus, deduction of municipal taxes shall not be possible. If however, the property or a part of it is let-out, then deduction of municipal taxes shall be allowed in respect of the let-out property or part of it.
I donated money to two charitable organisations-one is a hospital and one is a trust that runs a school. Can I claim tax exemption for both?
- Prakash Goenka
Contributions made to certain eligible relief funds and charitable institutions can be claimed as deduction under section 80G of the Income Tax Act. Deduction of 50% of the amount of donation paid by you can be claimed while filing the income-tax return. However, if the amount of donation paid exceeds 10% of the gross total income, then such excess shall be ignored for claiming deduction. To ensure that the donation has been paid to an eligible fund, please obtain a receipt of payment from the institution which specifically mentions that donation paid is eligible for deduction under section 80G of the Income Tax Act.
In my previous job the company never gave us the Form 16 and later on we learnt that the tax that was cut from our salaries was not paid to the government. Now I have changed my job. How can I check if the current employer is paying the taxes?
- Vinay Poojary
The Income on which tax has been deducted at source will appear in Form 26AS which can be obtained online using the income tax web portal. You can login to your account and view Form 26AS. If your employer has deducted tax and subsequently paid the same to the government, the same will reflect in the Form 26AS.
Suraj Nangia, Partner, Nangia Advisors LLP
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
 "Property tax")
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
)
){kind=small}
){kind=small}
)
)
)
)
)
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}