Income from house property
This query is : Resolved
Viral Suthar
(Querist)
25 January 2013
Sir, i would like to know the tax implications if the property remained vacant in the previous year that is for 12 months,,,before it was given on rent,,,???
please reply asap
please reply asap
CA PARAS BAFNA
(Expert)
25 January 2013
The property has remained vacant due to non-availability of a tenant.
.
The owner was interested to let it out.
.
Then the owner can claim vacancy allowance against the Expected Rent and the Annual Value of the property can be shown as Zero.
.
.
The owner was interested to let it out.
.
Then the owner can claim vacancy allowance against the Expected Rent and the Annual Value of the property can be shown as Zero.
.
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