Income from house property
This query is : Resolved
12 April 2012
Dear all,
one of my friend is having income from let out house property of Rs.1,45,000/-.Now how to calculate taxable income? whether step written in income tax should be followed?
If yes then how to know about 1. Municiple value 2. Fair Market Value
Waiting for your reply.
Thanks in advance.
one of my friend is having income from let out house property of Rs.1,45,000/-.Now how to calculate taxable income? whether step written in income tax should be followed?
If yes then how to know about 1. Municiple value 2. Fair Market Value
Waiting for your reply.
Thanks in advance.
15 April 2012
Yes. need to follow the Income tax rules. find out the Municipal value, Fair value, Actual rent received & any Standard rent control act is applicable all this areas has to be find out.
Message likes :
1 times
16 April 2012
But how to find municiple value and Fair Market Value?
Pls Advice.
Pls Advice.
30 July 2024
https://docs.google.com/document/d/1PhQtmhaBRFxfBX_A4ftUJGmFjPtSVwEhWLrUgnQTNNw/edit?usp=sharing
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
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 2 Short Term gain & Long term gain
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR returnFY25-26
- ITR selection for salaries and capital gain less than L
- Short Term Capital gain on shares bought and sold after 2018 onwards
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
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
