Income from house property - notional interest on interest free ...

Notional interest and advance rent affect house property income; actual rent considered if above municipal value under Sec 23(1).

May 14, 2012

Case Laws Income Tax AT

Income from house property - notional interest on interest free deposits and advance rent - if the rent received or receivable is more than the municipal value then the actual rent received or receivable will be taken as annual letting value of the property within the meaning of section 23(1)

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Income from house property - notional interest on interest free ...

Notional interest and advance rent affect house property income; actual rent considered if above municipal value under Sec 23(1).

May 14, 2012

Case Laws Income Tax AT

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