House property - 6 months let out , 6 months self occupied


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Querist : Anonymous

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Querist : Anonymous (Querist)
22 September 2014 Plz help me,

house property was let out for 6 months and self occupied for the rest period, then Can I treat as Deemed let out property??

If so then actual rent received is only 6 for months but municipal value should consider for full year or half year?

Can I consider rest 6 months as Vacancy Period???

22 September 2014 it shall be considered deemed let out for whole of the year.

GAV will be higher of:
(i) Actual rent received (during the period let out) or
(ii) ER for the whole year.

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 September 2014 ER i.e Expected Rent..?

22 September 2014 yes ...expected rent......

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 September 2014 Sir,

House property is situated in Vasai..
How to find out municipal Valuation and Fair Rent?

22 September 2014 you will need to check that out using a local property dealer dealing in rental properties in that area.

24 September 2014 you can get it from the property reckoner also..........

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 September 2014 Sir,
I am unable to find the said values, so on the base of last year can I take random value.
Eg
12-13 :- Rs.50,000
13-14 :- Rs.52,000

?/????

24 September 2014 no on random numbers u cannot take better take help of a local valuer in this case


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