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DEEMED INCOME ON THE PURCHASE OF A NEW HOUSE- 3RD PROPERTY.

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(Querist)
18 November 2022 One of my client has 3 house properties. One property has been purchased in April 2022. How will be the deemed rent income on the third property be calculated, on the basis of the municipal rateable value or on the purchase price of the property paid in April 2022 .
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
18 November 2022 One of the criteria is municipal ratable value, another is rental value in the area, etc.
But not based on the purchase price.
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