Income from house property (fair rent value)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 August 2013
While calculating income from house property, how do we know fair rent value of the house or which amount we will consider for the fair rent value.
Please guide me.
Please guide me.
19 August 2013
When the term " fair" is used in the statute the term "unfair" also creeps in.
.
Fair rent means the rent fetched by the same kind of the property in the same locality. In case similar property can not be found, you can adjust fairly for the differences in such a way that the amount declared by you should not be "unfair" or too low.
.
.
Fair rent means the rent fetched by the same kind of the property in the same locality. In case similar property can not be found, you can adjust fairly for the differences in such a way that the amount declared by you should not be "unfair" or too low.
.
Message likes :
1 times
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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Free lancer income
- Specified Profession
- Last year TDS Claim
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- 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
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
