https://www.taxtmi.com/manuals?id=4674 Annual value is determined as the reasonable expected rent, except where actual rent received or receivable is higher or reduced by vacancy; local taxes actually paid are deductible and unrealised rent is excluded. Owner-occupied houses or houses unoccupiable due to employment are treated as nil annual value (with exceptions for letting or other benefits); where more than two houses exist a nil value may be claimed for two houses only. Stock-in-trade property unlet may be nil for up to two years after completion. Annual value underlies chargeability to tax under Income from house property. en-us Wed, 28 Aug 2024 11:48:00 +0530 Wed, 06 Nov 2024 12:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4674 Annual value is determined as the reasonable expected rent, except where actual rent received or receivable is higher or reduced by vacancy; local taxes actually paid are deductible and unrealised rent is excluded. Owner-occupied houses or houses unoccupiable due to employment are treated as nil annual value (with exceptions for letting or other benefits); where more than two houses exist a nil value may be claimed for two houses only. Stock-in-trade property unlet may be nil for up to two years after completion. Annual value underlies chargeability to tax under Income from house property. Manuals Income Tax Wed, 28 Aug 2024 11:48:00 +0530 https://www.taxtmi.com/manuals?id=4674