INCOME TAX
This query is : Resolved
04 November 2010
I have two shops, one used for my business & other vacate. Is there any provision to tax notional income of second shop?
04 November 2010
Completely agree with Mr. Suresh
04 November 2010
If the vacant shop is subsequently let out,notional income can be assessed during the vacancy period following the principle of "presumption backwards".
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