If a particular house property which is not a self occupied is vacant during a particular assessment year say A.Y 10-11,
then how do we determine its annual value??
The said house property was a let out property in A.Y 09-10.
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Replies (4)
If Assessee have more than One House Property, He has option to select One Hose as a Self Occupied, And Any Othe Self Occupied House Property is Cosider as Deemed let out Property. And Calculated as Let out Property.
Net Annual value can be calculated:
Fair Value Or Muncipal Value (Which is Higher) & then compare with Standard Rent (Which is Lower) & then which value coms then compare with Actual Rent Recipt.
| Originally posted by : DHARMESH SOJITRA | ||
 |
If Assessee have more than One House Property, He has option to select One Hose as a Self Occupied, And Any Othe Self Occupied House Property is Cosider as Deemed let out Property. And Calculated as Let out Property. |
 |
Net Annual value can be calculated:
Fair Value Or Muncipal Value (Which is Higher) & then compare with Standard Rent (Which is Lower) & then which value coms then compare with Actual Rent Recipt.
for Ex. pls view attach file
fair value or municiple valuation whichever is higher subject to standard rent....
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