Subscription   Feedback   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Articles Highlights TMI Notes SMS News Newsletters Calendar Imp. Links Database Experts Contact us More....
Extracts
Home List
← Previous Next →

Gross Annual Value - (Sec. 23)

Income Tax - House Property Income - 03 - SEC - 23: GROSS ANNUAL VALUE Section - 23(1)(a) Higher of following shall be the GAV: Higher of Municipal valuation and fair rental value shall be considered as Expected rent Actual Rent Received / Receivable .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

23(1)(c) i.e. Let out with vacancy If the property is let BUT remains vacant for whole period of the PY or part of the PY and Owing to (i.e. by reason of) such vacancy ARRR excluding UR < ALV u/s 23(1)(a) Then GAV = Such ARRR u/s 23(1)(c). Otherwi .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

be actually paid during the previous year. As per Explanation to Sec. 23(1) but subject to rules For the purpose of Sec. 23(1)(b) & 23(1)(c) Amount of Actual Rent Received / Receivable by the owner (ARRR) shall not include the amount of rent whic .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ation of any other property of the assessee. Reasonable rent should have been taken to realise the rent or the A.O must be convinced that any such step would be of no use. Section 23(2):- Where the house is held by the owner for his own residence or .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

what is new what is new
  ↓     bird's eye view     ↓  


|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version