annual value of not let out property

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..... annual value of not let out property
Query (Issue) Started By: - anand menon Dated:- 19-12-2012 Last Reply Date:- 20-12-2012 Income Tax
Got 2 Replies
Income Tax
What should be the annual .....

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..... value u/s 23 in the event of a property whch is vacant all throughout the current financial year but was let out in the previous financial year? In the case of a new bulding for which the owner could .....

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..... not find any tenants since its construction, can the annual value be taken to be nil.? regards anand Reply By guna ch: The Reply: If the house is vacant for 12 months then there is no income from .....

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..... house property Reply By CA. Surender Gupta: The Reply: It is upon the assessee to prove that its intent was to let the property out but could not. Once it is proved that the property was vacant and .....

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..... available for rent, assessee is entitled for vacancy allowance. But, if failed to prove the same, no vacancy allowance. See Shri Apoorva Patni, & Others Versus Additional Commissioner of Income Tax .....

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..... Range-2, Pune [2012 (9) TMI 828 - ITAT, PUNE]
Discussion Forum - Knowledge Sharing .....

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