Deemed let out commercial property
This query is : Resolved
10 March 2024
I was getting rental income on my commercial property an office in a cooperative society building. My last licensee vacated the premises on March 31, 2023 as he needed to shift to a bigger place. Since April 1, I am not having any tenant and therefore i sold the property in February. As property was vacant from April 1, to date of sale, do I have to file income from house property on deemed basis for the entire Financial year or only till the date the property was sold. No actual rent earned to file on basis of rent received for part of year.
CA R SEETHARAMAN
(Expert)
11 March 2024
Show nil income from the property.
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