Home Forum Income Tax Month 7 2009 2009 (7) This
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Deduction - vacancy allowance - Income TaxExtract A person having more than one residential house property is free to choose one of them as 'self occupied house property' and treat the other as 'deemed let out property'.If the deemed let out propert is in the city other than at a place where he carries on his business and that deemed let out property is not let out at all during the fin.year,whether the asseessee is entitled to take deduction of 'vacancy allowance' for computation of his house property income? 2)Will it make difference if the asseessee sometimes occupies that'deemed let out property' whenever he goes to that city during the year?
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