income from house property

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AMIT KUMAR ROY

AMIT KUMAR ROY (Querist)
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31 March 2008 if we consider the rent control act then how will determine the gross annual value.

plese advice?

Sanjeev Kumar Sharma

Sanjeev Kumar Sharma (Expert)
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31 March 2008 hi amit

maximum of rental value as per rent control act will be taken

CA. Kirti S. Ganatra

CA. Kirti S. Ganatra (Expert)
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31 March 2008 Fair Value and Muncipal Valuation cannot be more than rent Control Value. Rent control Value is only to restrict other two value. If Rent Control Value is 100
Muncipal Value 90 and Fair Value is 85 than GAV is 90 coz Rent control is only to restrict