Sir,
Need full meaning and details with exmaple on Sec 23(2)(a) and Sec (23(2)(b)
Sir,
Need full meaning and details with exmaple on Sec 23(2)(a) and Sec (23(2)(b)
Section 23(2)(a) applies to the house you live in, while Section 23(2)(b) applies to a house you leave vacant because your job requires you to live in a different city. In both cases, the Net Annual Value is Nil, allowing you to avoid tax on notional rent and potentially claim a deduction for home loan interest up to ₹2 lakh.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
