Notional Rent Not Taxable: Evidence of Professional Use Trumps Deemed ALV Without Depreciation Claim Under Income Tax Rules.

Notional Rent Not Taxable: Evidence of Professional Use Trumps Deemed ALV Without Depreciation Claim Under Income Tax Rules. https://www.taxtmi.com/highlights?id=48747 Income from house property - notional rent - deemed ALV - merely for the reason that no depreciation has been claimed on the property, the claim of the assessee cannot be disregarded, when the assessee has demonstrated with evidences that said property has been used in his profession - no deemed ALV taxable for that property en-us Tue, 20 Aug 2019 08:28:57 +0530 Tue, 20 Aug 2019 08:28:20 +0530 TaxTMI RSS Generator Notional Rent Not Taxable: Evidence of Professional Use Trumps Deemed ALV Without Depreciation Claim Under Income Tax Rules. https://www.taxtmi.com/highlights?id=48747 Income from house property - notional rent - deemed ALV - merely for the reason that no depreciation has been claimed on the property, the claim of the assessee cannot be disregarded, when the assessee has demonstrated with evidences that said property has been used in his profession - no deemed ALV taxable for that property Highlights Income Tax Tue, 20 Aug 2019 08:28:57 +0530 https://www.taxtmi.com/highlights?id=48747