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Income Tax - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

Income from house property - it is for the assessee to establish ...

Income Tax

September 29, 2012

Income from house property - it is for the assessee to establish that the property was intended to be let and it remained vacant in the absence of it being occupied by a tenant. - no vacancy allowance - AT

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  2. 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...

  3. Addition on account of house rent - Income from house property - The AO failed to appreciate such estimation of annual letable value as per provision of Section 23(1...

  4. Income from house property - deemed rental income of the property, which remained vacant during the year - assessee as confronted that house was very old and partly...

  5. Correct head of income - taxability of rental income - the assessee is owner and thereby receives any income from house property, it should be taxed under the head...

  6. Income from the house property shown by the assessee on letting out the property on rent to her husband - the assessee’s income from letting out the property is to be...

  7. Rental income from the property - income from other sources OR income from house property - By not recording construction expenses in books of account, the rights of...

  8. Income from house property - one is self occupied property and second is vacant property - AO has applied ALV at 7% of book value of the property and computed deemed...

  9. Notional rental income vacant/leased properties - in case of the assessee where the property remained vacant then the ALV of such property will be Nil- AT

  10. Income from house property - annual letting value of unsold flats - Estimating rental income by the AO for these three flats as income from house property was not...

  11. Computing the Annual Letting Value - income from house property - Property remained vacant - Assessee in the present case had rightly determined the ‘annual value’ of...

  12. Income from house property - Income received on leasing of land and building - the assessee had correctly shown the said income under the head “income from house...

  13. Estimation of income from house property - AO failed to appreciate such estimation of annual letable value as per provision of Section 23(1)(a) was called for only in...

  14. Computation of Income from House property - the property was let, but was vacant during the year, due to which vacancy, the actual rent received or receivable by the...

  15. Income from house property - ALV of property - amounts received under the maintenance agreement - There are certain services provided by the assessee which are common...

 

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