Property tax is an annual fee that property owners pay to local governments or municipal bodies. It’s used to fund public services like roads, sanitation, and infrastructure within the area. If you pay property tax on a rented property, you can claim it as a deduction, which reduces your taxable income.
Steps to add property taxes paid
- Navigate to File > Incomes > House Property
- Choose the option as Add Manually
- Add the property address and rent receipt
- Claim a deduction for the property taxes paid
Remember, this deduction is available only if the property owner has paid the tax
If you still have any further queries, you can raise a ticket to get in touch with us.
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