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Thread: Tax on house property rented for 15 days

  1. #1
    New Member
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    Default Tax on house property rented for 15 days

    Sir. I have rented out my second flat from 1 May 2013 to 15 April 2014 @ 15000 pm. From 16 Apr 2014 to 31 March 2015 it remained vacant. How can I calculate income from house property? Can it be notional rent for whole fy 14.15 or just Rs 7500 received as rent in fy 2014.15. Please guide.

  2. #2
    Evangelist Sachin's Avatar


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    Dec 2007
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    Chennai
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    Default

    Whatever income you received for the FY.

    In this case, it will be Rs. 7,500.

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