house property
This query is : Resolved
17 February 2011
sir, if an assessee has two houses and one self is occupied and other is let out.
but let out only for 10 months @ rs. 1000 then actual receivable rent to be compared with expected rent is rs.10000 or rs.12000.
but let out only for 10 months @ rs. 1000 then actual receivable rent to be compared with expected rent is rs.10000 or rs.12000.
17 February 2011
Expected Rent = 12000
Rent Receivable ( Without adjusting the vacancy loss =12000
*
Higher of the two =12000
Less: Vacancy Loss=2000
*
Gross Annual Value= 10000.
Rent Receivable ( Without adjusting the vacancy loss =12000
*
Higher of the two =12000
Less: Vacancy Loss=2000
*
Gross Annual Value= 10000.
18 February 2011
sir i asked you wrongly actually the question is as:
if an assessee has two houses and one self is occupied and other is let out.
but let out only for 10 months @ Rs. 1000 and self occupied for remaining two months then actual receivable rent which is to be
compared with expected rent will be Rs. 10000 or Rs. 12000.
if an assessee has two houses and one self is occupied and other is let out.
but let out only for 10 months @ Rs. 1000 and self occupied for remaining two months then actual receivable rent which is to be
compared with expected rent will be Rs. 10000 or Rs. 12000.
18 February 2011
Answer to the modified query-
Expected Rent = 12000
Rent Receivable ( Without adjusting the vacancy loss =12000
*
Higher of the two =12000
Less: Vacancy Loss=0000
*
Gross Annual Value= 12000.
Expected Rent = 12000
Rent Receivable ( Without adjusting the vacancy loss =12000
*
Higher of the two =12000
Less: Vacancy Loss=0000
*
Gross Annual Value= 12000.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Purchase of property from NRI
- CESS not claimed in GSTR3B either in inward supplies or outward supplies for the period Oct2025
- Seeing a huge entry in AIS Purchase of time deposits (SFT-005), what it is for
- GST APPLICABILITY TO DIAGNOSTIC
- NRI get transferred fund from his own Indian account to his foreign US account without any approval
- How to pay tds on mhada property
- Custom Morale Hat Patches UK
- TCS ON SALE OF GINNING MACHINERY AS SCRAP
- GST APPLICABILITY ON DIAGNOSTIC UNIT
- Invoice wrongly made on another GSTIN
- Value of Perquisite Sec.10 (10CC)
- Multiple GST under same PAN
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
