https://www.taxtmi.com/acts?id=49018 Clause 21 defines annual value as the higher of expected letting value or actual rent received/receivable where let, directs that vacancy with letting in normal course is valued by actual rent, excludes unrealizable rent subject to rules, permits deduction of local authority taxes actually paid, treats stock-in-trade unsold property as nil for two years after completion certificate, and allows nil annual value for up to two owner-occupied houses unless let or otherwise benefitting the owner. en-us Fri, 14 Feb 2025 16:10:46 +0530 Fri, 14 Feb 2025 16:10:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49018 Clause 21 defines annual value as the higher of expected letting value or actual rent received/receivable where let, directs that vacancy with letting in normal course is valued by actual rent, excludes unrealizable rent subject to rules, permits deduction of local authority taxes actually paid, treats stock-in-trade unsold property as nil for two years after completion certificate, and allows nil annual value for up to two owner-occupied houses unless let or otherwise benefitting the owner. Act-Rules Bills Fri, 14 Feb 2025 16:10:46 +0530 https://www.taxtmi.com/acts?id=49018