Hi
Under Income tax Act, property taxes are not allowed for deduction in respect of self occupied residential house, as there is no income. For self occupied properties, you are allowed to take benefit only of interest on loan taken for construction or acquisition of residential house.
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chatCommentsThank you sir. - Ramakrishnan NHow about maintenance charges payments (towards security, cleaning, gardening, etc) for self-occupied own flat. - Ramakrishnan NThese are not deductible. U/s 24, only interest on loan are deductible for self occupied property - CA Ankit SharmaThank you sir. I am clear now. - Ramakrishnan N