DEEMED INCOME ON THE PURCHASE OF A NEW HOUSE- 3RD PROPERTY.
This query is : Resolved
CHETAN SHAH
(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 .
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.
But not based on the purchase price.
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