pankaj sharma (CA ) (324 Points)
09 September 2009Can any one say me what will happen if the property will remain vacant for a part of a year in that case how Gross rent as introduced in DT code bill 2009 will be calculated.....
If any one can help me regarding this matter plz do help.!
& if u have other differences available b/w It act 2009 & DT code 2009 den do add those as well
ashish gupta
( student)
(1922 Points)
Replied 09 September 2009
Hi. Pankaj, i think it will b higher of contractual rent and presumptive rent as nothing else is mentioned in the bill. but as a part of the year is vacant the higher amt can b the presumptive rent.
Also in sub - section 5 of sec 25 it is written that provisions will b applicable if house is actually let during any part of financial year.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
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