Income from house property
This query is : Resolved
bhavesh goswami
(Querist)
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.
CMA Ramesh Krishnan
(Expert)
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.
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bhavesh goswami
(Querist)
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
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