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teachoo.com
Step 3A Treatment of Municipal Taxes - How to Compute
Municipal taxes are also calledhouse taxIf it is actually paid,then only it isallowed as deductionfrom GAVAsssuming no Unrealized RentGross Annual ValueXXLessMunicipal Taxes(PaidBY OWNER)XXNet Asset ValueXXConditions to be fulfilled1.It should beACTUALLY PAID(not payable)Note :– If only due but not
11 months ago
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