INCOME-TAX: As per provisions of section 23, annual value shall be deemed to be actual rent received or receivable by assessee and proviso provides for deduction of municipal taxes levied by any local authority and annual maintenance charges do not amount to taxes paid to local authority. When Income is calculated under the head House Property, then besides statutory deduction of 30% u/s 24, an assessee is entitled only for deduction with respect to taxes levied by any local authority.
from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000315206/‘society-maintenance-charges’-isn’t-eligible-for-deduction-while-computing-income-from-house-property-itat.aspx
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