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Income Tax - Highlights / Catch Notes

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Income from House property - notional rent need not be ...


Notional Rent Excluded from ALV Calculation if Property Intended to be Leased Remains Vacant Despite Efforts.

August 14, 2012

Case Laws     Income Tax     AT

Income from House property - notional rent need not be considered for arriving at the ALV of the property if the property was intended to be let out, however, despite effort taken for letting out, remained vacant. - AT

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