Can Rent Received by Tenant Be Taken as Annual Value for Owner ?


The annual value of the house property is charged to tax under section 22.Since section 23(1) (a) provides that annual value is such which can be reasonably expected, a situation may arise that tenant has put the house on rent and tenant is paying less rent than the rent which he is receiving from his…

This content is for annual and Semi Annual members only.

Log In Register

Comments are closed.