I have self occupied property as well as let out property. I ave get tenant for 9 months only @ Rs. 15000. total rent received 135000/-. Can get deduct vacancy allowances Rs. 45000/- from 135000/-.
22 June 2014
Actual rental value of the year Rs.1.80 Lakhs(15000x12) so you can consider as rent received for 9 months. cannot deduct again Rs.45000 from Rs.1,35,000
CAclubindia
