akhil jain (article) (72 Points)
27 December 2013
Nikhil Kaushik
(Fellow CA)
(85356 Points)
Replied 27 December 2013
on the basis of notional value. If the owner has only one house, then no value is assumed. If the assessee has more than one house, then the vacant house is considered as deemed let out.
please refer https://www.kcgjournal.org/Commerce%20and%20Management/Issue%203/Harish.html
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