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Vacant property under house property

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Atharv Sankliya

1359 Points Posted on 16 February 2023

If a person let out his building on 1 oct 21 to 31 dec 21 and the property is vacant for the rest of the months of the FY , so which period is considered as vacant period
- 1 April to 30 sep
- 1 Jan to 31 march
Or both??

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Quick Summary

This discussion clarifies how vacant periods are calculated for a property. If a building was let out for a specific period within a financial year, the remaining months are considered vacant. Specifically, the periods from 1 April to 30 September and 1 January to 31 March are counted as vacant, excluding the time the property was occupied.