Taxability of commercial property vacant for the whole year

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 January 2013 Sir,

Pls. tell me about the taxability of commercial property vacant for whole year and reasonable effort are made to let out the property by assessee.

1. Whether commercial property tax as Deemed to be let out property u/s. 23(4)?


13 January 2013 No, it is not so.
.
You can refer Section 23(1)(c) also and can claim vacancy allowance.

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 January 2013 OK..

CAN YOU TELL ME ANY JUDGEMENT ABOUT THIS. SO ON THAT BASIS I CAN PROCESSED FURTHER.


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