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Income Tax - Highlights / Catch Notes

Home Highlights September 2018 Year 2018 This

Computing the Annual Letting Value - income from house property ...


Property's Annual Value Set as Nil Due to Vacancy, Complies with Income Tax Act Section 23(1)(c.

September 28, 2018

Case Laws     Income Tax     AT

Computing the Annual Letting Value - income from house property - Property remained vacant - Assessee in the present case had rightly determined the ‘annual value’ of the property at Nil by taking recourse to Sec. 23(1)(c) of the ‘Act’.

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