House Property Income
This query is : Resolved
19 May 2011
house vacant for whole year FY 10-11.
standard rent- 20000p.m.
how much vacacy allowance i claim?
Is it compulsary to claim vacancy allowance that in F.Y. 09-10 house property must be rented ?
standard rent- 20000p.m.
how much vacacy allowance i claim?
Is it compulsary to claim vacancy allowance that in F.Y. 09-10 house property must be rented ?
CA MANOJ GUPTA
(Expert)
19 May 2011
VACANCY ALLOWANCE UNDER SECTION 24????? IT IS A THING OF PAST
SINCE HOUSE WAS VACANT FOR FULL YEAR HENCE THE ANNUAL VALUE WILL BE TAKEN AT NIL
CA MANOJ GUPTA
JODHPUR
09828510543
SINCE HOUSE WAS VACANT FOR FULL YEAR HENCE THE ANNUAL VALUE WILL BE TAKEN AT NIL
CA MANOJ GUPTA
JODHPUR
09828510543
24 May 2011
Sir,
Thanks for earlier reply.
Whether the Income compute as deemed let out? if it is consider deemed let out then how much annual value?
Thanks for earlier reply.
Whether the Income compute as deemed let out? if it is consider deemed let out then how much annual value?
CA MANOJ GUPTA
(Expert)
24 May 2011
Concept of deemed to be let out comes into picture only if u have more than one HP in ur self occupation
if in ur case the prop is DTLP then standard tent will be the ALV
CA MANOJ GUPTA
JODHPUR
09828510543
if in ur case the prop is DTLP then standard tent will be the ALV
CA MANOJ GUPTA
JODHPUR
09828510543
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