https://www.taxtmi.com/acts?id=45685 An amendment to section 9(2) provides that for buildings begun and completed after 1 April 1961 the annual value for three years from completion shall be reduced by an aggregate amount: fully disregarding annual value for residential units at or below a specified threshold and deducting a fixed amount for units above that threshold, with the proviso that income in respect of any residential unit shall not be a loss. An Explanation treats owner occupied units' computation as if the fourth proviso were omitted when the first proviso applies. en-us Thu, 28 Nov 2024 16:00:13 +0530 Thu, 28 Nov 2024 16:00:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45685 An amendment to section 9(2) provides that for buildings begun and completed after 1 April 1961 the annual value for three years from completion shall be reduced by an aggregate amount: fully disregarding annual value for residential units at or below a specified threshold and deducting a fixed amount for units above that threshold, with the proviso that income in respect of any residential unit shall not be a loss. An Explanation treats owner occupied units' computation as if the fourth proviso were omitted when the first proviso applies. Act-Rules F. Acts / Amendment Acts Thu, 28 Nov 2024 16:00:13 +0530 https://www.taxtmi.com/acts?id=45685