House property
This query is : Resolved
Ravula Uday Kumar
(Querist)
25 February 2013
the house property has been completely vacant during the year.do we need to take any notional rental income for tax purposes...?
thanks in advance
thanks in advance
CA Ayush Agarwal
(Expert)
25 February 2013
Any Other HP Owned ?
Message likes :
1 times
jaydip a. limbasiya
(Expert)
26 February 2013
If it is for the purpose of self occupation then no notional rent income shall be considered.
If it is second(third or etc....) house property, notional rent income shall be considered.You may also get the benifit of vacancy period loss, If house is vacant during the year.
If it is second(third or etc....) house property, notional rent income shall be considered.You may also get the benifit of vacancy period loss, If house is vacant during the year.
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