Dear Sir,
I have a property, which was let out for rent. during the financial year 2011-2012 (A.Y.2012-2013), I got rent as follows :
MARCH-11 - RS.11,000/_
APRIL 11- VACANT (NIL)
MAY 11 - VACANT (NIL)
JUNE-11 - RS.14500
JULY-11 - RS.14500
.
.
.
MARCH-12 - RS.14500
I want to know
whether I have to show income from house property is NIL for the period of April 2011 & May 2011
or
I have to show income from the house property is Rs.11,000 for the period of April 2011 & May 2011
Or
I have to show income from the house property is Rs.14,500 for the period of April 2011 & May 2011
Please suggest
With regards
virender singh gusain
CAclubindia
