MR.
117 Points
Joined July 2011
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.