CA Abhishek Singh (practice) (2106 Points)
20 June 2012
Monith Agarwal
(MR.)
(117 Points)
Replied 21 June 2012
referring provisions of the income tax act 1961,
the first mentioned explanation holds good.
also in the second case mentioned by you ,
RLV=150, ACTUAL RCVD 140, VACCANCY LOSS 10,
IN THIS CASE IF WE APPLY THE PROVISION IT STANDS LIKE THIS
ACTUAL RENT RECEIVED OWING TO VACCANCY =140,IF WE ADD VACCANCY LOSS OF 10 IT COMES TO 150 WHICH IS EQUAL TO RLV,
HENCE IN THE GIVEN CASE GAV WOULD BE ACTUAL RENT RECEIVED =140 BEACAUSE ITS LESS THAN 150 OWING TO VACCANCY.
I DONOT KNOW ANOUT REST OF THE QUESTIONS IN VK SINGHANIA'S BOO, BUT THE EXAMPLE MENTIONED BY YOU IS CORRECTLY SOLVED.
DEAR FRIEND , ALWAYS GO THROUGH THE PROVISIONS OF THE ACT AND APPLY IT , IF YOU HAVE DISCREPANCIES IN ANSWERS OF TWO BOOKS, GO THROUGH THE PROVISIONS OF THE ACT,
HOPE THIS HELPS.