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vacancy of property during the whole year
My property was vacant during the whole year. so what will be it's annual value for the FY 2018-19? am I liable to pay tax on it's fair rent?
Replies (1)
Calculate higher of municipal value and fair rental value of house property
higher of the above two be compared with standard rent.
now the lowest of above will be considered deemed annual value
higher of the above two be compared with standard rent.
now the lowest of above will be considered deemed annual value
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