TaxTMI 
TaxTMI 
annual value of not let out property
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....nnual value of not let out property<br> Query (Issue) Started By: - anand menon Dated:- 19-12-2012 Last Reply Date:- 20-12-2012 Income Tax<br>Got 2 Replies<br>Income Tax<br>What should be the annual v....
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....alue u/s 23 in the event of a property whch is vacant all throughout the current financial year but was let out in the previous financial year? In the case of a new bulding for which the owner could n....
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....ot find any tenants since its construction, can the annual value be taken to be nil.? regards anand Reply By guna ch: The Reply: If the house is vacant for 12 months then there is no income from h....
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....ouse property Reply By CA. Surender Gupta: The Reply: It is upon the assessee to prove that its intent was to let the property out but could not. Once it is proved that the property was vacant and a....
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....vailable for rent, assessee is entitled for vacancy allowance. But, if failed to prove the same, no vacancy allowance. See Shri Apoorva Patni, & Others Versus Additional Commissioner of Income Tax R....
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....ange-2, Pune [2012 (9) TMI 828 - ITAT, PUNE]<br> Discussion Forum - Knowledge Sharing ....