The Jodhpur bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the house which is not having any actual rental income but self-occupied by the assessee, then deemed rent should be determined as per the municipal ratable value. In the instant case, the Assessing Officer noticed that the assessee has purchased […]
The post Municipal Ratable Value applicable If House is Self-Occupied by Assessee and has Actual Rental Income: ITAT appeared first on Taxscan | Simplifying Tax Laws.
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