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17 April 2011 What is the treatment of vacancy allowance while calculating GAV (i.e. it is subtracted from GAV or Annual Rent)?
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CA MANOJ GUPTA

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CA MANOJ GUPTA (Expert)
17 April 2011 as of now there is no vacacvy allowance. If the prop remain vacant and the actual rent recd is less than the annual rateble value than the same is taken as annual value

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