House Property
This query is : Resolved
Miss Rinkal
(Querist)
12 January 2009
In the given example what would be the GAV?
Municipal Valuation Rs 70000/-
Fair Rent Rs 75000/-
Standard Rent Rs 60000/-
Actual Rent Rs 8000/-
Property Vacant(in months) 10
Vacancy Rent Rs 40000/-
2. What is the taxable Income from House Property for the A.Y 2008-09 & A.Y 2009-10?
Case A Case B
Municipal Valuation 380000 340000
Fair Rent 370000 390000
Standard Rent 340000 340000
Actual Rent 432000 350000
Unrealised Rent of
P.Y 2008-09
(Allowable as per Rule 4) 60000 60000
Municipal taxes paid 76000 76000
Interest on Loan due 72000 72000
Unrealised Rent recovered
in P.Y 2008-09 56000 56000
Municipal Valuation Rs 70000/-
Fair Rent Rs 75000/-
Standard Rent Rs 60000/-
Actual Rent Rs 8000/-
Property Vacant(in months) 10
Vacancy Rent Rs 40000/-
2. What is the taxable Income from House Property for the A.Y 2008-09 & A.Y 2009-10?
Case A Case B
Municipal Valuation 380000 340000
Fair Rent 370000 390000
Standard Rent 340000 340000
Actual Rent 432000 350000
Unrealised Rent of
P.Y 2008-09
(Allowable as per Rule 4) 60000 60000
Municipal taxes paid 76000 76000
Interest on Loan due 72000 72000
Unrealised Rent recovered
in P.Y 2008-09 56000 56000
Miss Rinkal
(Querist)
21 January 2009
Thank You, Sir
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Ito add credit side of bank
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Employee secondment
- GSTR9 Annual Return
- Rent agreement of House of deceased person
- Capital gain on commercial property and investment in residential property
- Rectification under processing even after 6 months cpc portal
- Gift to nri relatives resides in usa
- Form 144 TDS Return Validation error
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
