25 February 2013
the house property has been completely vacant during the year.do we need to take any notional rental income for tax purposes...? thanks in advance
26 February 2013
If it is for the purpose of self occupation then no notional rent income shall be considered.
If it is second(third or etc....) house property, notional rent income shall be considered.You may also get the benifit of vacancy period loss, If house is vacant during the year.
CAclubindia
