income from house property
This query is : Resolved
09 February 2011
HRA
sir,
can vacancy clause be dedudcted from fair market rent incase it is higher on actual rent??
i read in a book that it can be deducted 4m AR i.e actucal rent but what if the market value is higher wil it be deducted 4m it still ??
if possible can u expalin with an example ??
thankss ...
sir,
can vacancy clause be dedudcted from fair market rent incase it is higher on actual rent??
i read in a book that it can be deducted 4m AR i.e actucal rent but what if the market value is higher wil it be deducted 4m it still ??
if possible can u expalin with an example ??
thankss ...
09 February 2011
can vacancy clause be dedudcted from fair market rent in case it is higher on actual rent??
Ans : Yes it can be deducted from Fair Rent.
You must clear the following terms in your mind-
1. Reasonable Expected Rent
2. Annual Rent
3. Actual Rent
4. Rent Receivable after deducting Unrealized Rent.
( From this vacancy loss has not to be deducted)
Ans : Yes it can be deducted from Fair Rent.
You must clear the following terms in your mind-
1. Reasonable Expected Rent
2. Annual Rent
3. Actual Rent
4. Rent Receivable after deducting Unrealized Rent.
( From this vacancy loss has not to be deducted)
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
- TDS 194-T applicability
- Tds on commission charges
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Applicability of GST on Salary Reimbursement Component
- Need Professional Opinion AY 2012-13 Old Demand
- Withdrawal in cash from partners capital account by partner
- TDS on TRUST
- Renovation exp. in flat by family member
- New GST registration for new place of business.
- Regarding Applicability of Tax Audit u/s 44AB
- Salary from Qatar in Dollars in India
- CHECK RELATED
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
Quick Links
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER
Anupam Parashar & Co.
Ghaziabad
CA Final
View Details
ARTICLESHIP
16 September 2026
Article Assistant
MANUJ SHARMA AND COMPANY
Noida
CA Inter
View Details
ARTICLESHIP
01 September 2026
Articles
Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
View Details
CCI
Pro
CAclubindia
