Vacancy allowance
This query is : Resolved
22 August 2016
Dear Experts,
First time today i hear about VACANCY ALLOWANCE in House Property Head. I read 2 Books of Taxman and read articles in online about this allowance but still i am full confusion about VACANCY ALLOWANCE. Please tell me benefit of this allowance to owner and explain this allowance with section
First time today i hear about VACANCY ALLOWANCE in House Property Head. I read 2 Books of Taxman and read articles in online about this allowance but still i am full confusion about VACANCY ALLOWANCE. Please tell me benefit of this allowance to owner and explain this allowance with section
CA Mehta Ankur N.
(Expert)
22 August 2016
Its like no tax is payable on Amount of Rent Receivable if its given on rent , because property is vacant even after full effort to give the same on rent.
22 August 2016
Can you please elaborate more and what about vacancy allowance if property vacated fully or partly in a year?
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