I own a property which was self-occupied for five months and then was let out. How will I compute m…
I own a property which was self-occupied for five months and then was let out. How will I compute my Income from house property?
Jeeba Jul. 05, 2018
In order to compute income from house property, GAV of such such property will be considered to let-out throughout the year but actual rent received will only be considered for the let-out period of seven months.
If Actual Rent is lower than fair Rent, only because the house was vacant and not for any other reason, take actual rent collected as gross annual value
