13 September 2011
Can A assesse claim any deducton for his First house property being vacant as vacancy allowance apart from 2nd house which he has self occupied .
a. Vacant fully throught the year b. Vacant for only some part of the year
If yes to what extent and what under which section of the act.
13 September 2011
any deduction means ru talking about interest. since only interest is allowed when vacant or self occupied. and also if one house vacant and another u r using then vacant house may assumed as let out. and if vacant for some part of year also assumed as let out for full year. and if no income for house property then question of standard deduction does not arise.
CAclubindia
