Annual value rule: owner occupied or actually unoccupiable residential property treated as nil for income tax assessment. The amendment replaces sub section (2) of section 23 to specify that the annual value of a house or part thereof shall be taken as nil if the owner ... Summary
Annual value rule: owner occupied or actually unoccupiable residential property treated as nil for income tax assessment.
The amendment replaces sub section (2) of section 23 to specify that the annual value of a house or part thereof shall be taken as nil if the owner occupies it for personal residence or cannot actually occupy it for any reason.
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