28 November 2020
Hi Experts, One of my friends is having two properties. In F.Y. 19-20, he rented one house property for first 3 months @ INR 10000/- per month and then he didn't give it on rent and other property was self-occupied. I understand in this case, Net Annual Value for the rented house property would be INR 30000/- as per the latest provisions of the income tax act. Pl. advise. Thanking you in anticipation Ramesh
CAclubindia
