Nikhil Bhat (Financial services) (133 Points)
31 July 2016I am filing ITR-2 - House property sheet.
The client's second flat is vacant throughout the 12 months
The Municpal rateable value as per Corp Tax = 7650
The rent that could have been received (actually not received) = 180000 per annum
Property Tax paid by my client is = 8452.
What is the income from houe property.??
Udgam Koomar
(Tax Technologist)
(1949 Points)
Replied 31 July 2016
put it in the itr2 java or excel sheet, income will antomaticll me calculated, if manual then rent - tax x 70% = income single owner income
Nikhil Bhat
(Financial services)
(133 Points)
Replied 31 July 2016
No iam asking in HP sheet
1) I should put 180000 in (a) or 7650
2) Client did not receive anything means it was locked (fully vacant) so (b) should be again 180000 or 0
CAclubindia
