income from house property


Pardeep Garg (CA-Final Student)     31 August 2018

Pardeep Garg
CA-Final Student 
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If a person have four houses & one of them remained vacant for whole of thr year due to not being in rentable condition,
then what will be the treatment.
Assume municipal value of thr house is 5,00,000.

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bhaskaradileep v   31 August 2018

bhaskaradileep v

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put as notional rent
and you can claim

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Pardeep Garg (CA-Final Student)     31 August 2018

Pardeep Garg
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sorry I can't understand.
explain please.

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Ashwin Kumar (CA ipcc)     31 August 2018

Ashwin Kumar
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incase of vacant house take notional rent. notional rent is the rent that a propert of similar tyoe in the locality would have recieved.

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bhaskaradileep v   31 August 2018

bhaskaradileep v

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put 10000 pm as notional rent or put actual rent which is received in previous AY put in vacant column 12 months then there is no problem


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