01 July 2013
while filing my wealth tax return, i am taking value of 2 proprties (lying vacant) as per Rule 3 i.e, on the basis of GMR-house tax-15%*12.5.I want the clarification whether i have to show expected rental value as deemed let out income while filing my income tax return or should i treat Gross Annual Value as NIL in respect of above vacant properties although i am paying wealth tax on the basis of Rule 3.
CAclubindia
