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Querist : Anonymous

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Querist : Anonymous (Querist)
29 July 2015 SUPPOSE RENT FROM THE LET OUT HOUSE PROPERTY COMES ONLY FOR TWO MONTHS IN THE YEAR..WHAT WILL BE THE ANNUAL VALUE..SHOULD I TAKE THE TOTAL RENT RECEIVED FRO THE TWO MONTHS?
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CA Dileep Surya Kumar

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CA Dileep Surya Kumar (Expert)
29 July 2015 If any let out property is vacant for whole /party of the year and the same is less than the fair rent, you can consider the actual rent received for 2 months as Gross annual value.

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