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House property

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(Querist)
17 June 2015 A private company have 4 House properties and not used for Business Purpose. All properties Vacant During whole FY. Is Any income Arise from house property for Company ?
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srinivasan

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srinivasan (Expert)
18 June 2015 Yes notional rent has to be offered and the claim for vacancy allowance can also be made
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MOHD AFROZ

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MOHD AFROZ (Expert)
22 June 2015 Agree with Srinivasan Sir.
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