11 January 2012
Whether Following Case is Possible or Not?
Expected Rent = 5000 p.m. Rent Received/Receivable= Nil(Fully Vacant) GAV = 0(Owing To Vacancy) NAV = 0 Less: 24(a) = 0 24(b) = 200000 Loss u/h HP = 200000 (can we say that rent Rec./Rece. shall be 6000 p.m. if the house was let out.so, GAV Shall be NIL owing to Vacancy.)
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