Deduction for vacant property allowed irrespective of whether vacancy precedes or follows letting, clarifying deduction timing. The amendment removes the terminal conjunction from clause (ix) of Section 24(1) and inserts an Explanation stating that the deduction under this clause ... Summary
Deduction for vacant property allowed irrespective of whether vacancy precedes or follows letting, clarifying deduction timing.
The amendment removes the terminal conjunction from clause (ix) of Section 24(1) and inserts an Explanation stating that the deduction under this clause shall be made irrespective of whether the period during which the property or part of the property was vacant precedes or follows the period during which it is let.
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