shiva (manager) (34 Points)
27 July 2009i have a rental property. vacant for 5 months and rented for remainder of the year for 50,000 per month.
Schedule HP question:
a) Annual letable value / rent received = is this value 50,000 * 12 ??
b) amount of rent that cannot be realized = 5 * 50,000 ??
response appreciated .....
Niral Gangar
(Management Consulting Investment Advisory CA Practice)
(100 Points)
Replied 28 July 2009
You should simply take 50000*7 as Annual lettable value/ rent received
There is no rent which is not realised hence it should be nil
CAclubindia
