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Income Tax - Highlights / Catch Notes

Home Highlights April 2018 Year 2018 This

House property income - Vacancy allowance - property is let ...


Income from House Property: Vacancy Allowance Applies Even If Property Wasn't Rented, u/s 23(1)(c) of Income Tax Act.

April 30, 2018

Case Laws     Income Tax     AT

House property income - Vacancy allowance - property is let under clause (c) of section 23(1) does not mean that the property should have been actually let in the relevant previous year or during any time prior to the relevant previous year. But it will mean the property is intended to be let out. - AT

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