Actual Rent Exceeding Fair Rent is Annual Value for Tax; Notional Interest Excluded u/s 23(1)(b) of IT Act. https://www.taxtmi.com/highlights?id=33499 When actual rent received is more than the fair rent the actual rent would be the annual value and therefore the notional interest would not form part of actual rent received or receivable u/s 23(1)(b) - AT en-us Tue, 28 Feb 2017 11:43:13 +0530 Tue, 28 Feb 2017 11:43:13 +0530 TaxTMI RSS Generator Actual Rent Exceeding Fair Rent is Annual Value for Tax; Notional Interest Excluded u/s 23(1)(b) of IT Act. https://www.taxtmi.com/highlights?id=33499 When actual rent received is more than the fair rent the actual rent would be the annual value and therefore the notional interest would not form part of actual rent received or receivable u/s 23(1)(b) - AT Highlights Income Tax Tue, 28 Feb 2017 11:43:13 +0530 https://www.taxtmi.com/highlights?id=33499