Standard Rent
This query is : Resolved
21 February 2009
How to know the standard rent for the purpose of calculating income from house property. ( For Practical Purpose)
21 February 2009
Standard rent is the rent which can fetch in that area for same type of flat or portion. If there are two or more portions in the same building you can take the same rent. or same type of portion in that street or locality.
22 February 2009
Annual Value = Value on which municipal tax is levied.
Standard Rent=Rent as per Rent Control Act.
Fair Rent=Rent fetchable in the market.
Actual Rent=Rent Received.
Standard Rent=Rent as per Rent Control Act.
Fair Rent=Rent fetchable in the market.
Actual Rent=Rent Received.
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