Actual Rent Exceeding Fair Rent is Annual Value for Tax; Notional Interest Excluded u/s 23(1)(b) of IT Act.

When actual rent received is more than the fair rent the actual rent would be the annual value and therefore the notional interest would not form part of actual rent received or receivable u/s 23(1)(b) - AT .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X