CAF-2 · Chapter 6 · Question 10 of 15
Which of the following local taxes paid in respect of a rented property is NOT allowed as a deduction against 'Income from Property'?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) C) Income tax payable under the Income Tax Ordinance, 2001.
Explanation
Any local rate, tax, charge, or cess paid in respect of the property is deductible, excluding any tax payable under the Income Tax Ordinance, 2001.
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