case 1:a let out property has remained vacant for 2-3 months during the year. Will it be considered as deemed to be let out for the vacant period for the purpose of calculating G.A.V.?
Case 2: A let out property, but in this year, it has remained vacant for the entire year.Will it be considered as deemed to be let out for the vacant period for the purpose of calculating G.A.V.?
According to me!
case 1.. yes it will be DLOP because it has annual value
case2 no... because when it is vacant for the whole year ..
annual value will be Nil
so it will remain unoccupied HP
correct me if I m wrong !
CAclubindia
