House Property Income

This query is : Resolved 

19 May 2011 house vacant for whole year FY 10-11.
standard rent- 20000p.m.
how much vacacy allowance i claim?
Is it compulsary to claim vacancy allowance that in F.Y. 09-10 house property must be rented ?

19 May 2011 VACANCY ALLOWANCE UNDER SECTION 24????? IT IS A THING OF PAST
SINCE HOUSE WAS VACANT FOR FULL YEAR HENCE THE ANNUAL VALUE WILL BE TAKEN AT NIL

CA MANOJ GUPTA
JODHPUR
09828510543

24 May 2011 Sir,

Thanks for earlier reply.

Whether the Income compute as deemed let out? if it is consider deemed let out then how much annual value?



24 May 2011 Concept of deemed to be let out comes into picture only if u have more than one HP in ur self occupation
if in ur case the prop is DTLP then standard tent will be the ALV

CA MANOJ GUPTA
JODHPUR
09828510543



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