pankaj sharma (CA ) (324 Points)
09 September 2009Can any one say me what will happen if the property will remain vacant for a part of a year in that case how Gross rent as introduced in DT code bill 2009 will be calculated.....
If any one can help me regarding this matter plz do help.!
& if u have other differences available b/w It act 2009 & DT code 2009 den do add those as well
ashish gupta
( student)
(1922 Points)
Replied 09 September 2009
Hi. Pankaj, i think it will b higher of contractual rent and presumptive rent as nothing else is mentioned in the bill. but as a part of the year is vacant the higher amt can b the presumptive rent.
Also in sub - section 5 of sec 25 it is written that provisions will b applicable if house is actually let during any part of financial year.
CAclubindia
