Calculating income from house property

Hi

For calculating income from house property we need the following information :

a) Fair Market Value 

b) Municipal Value 

c) Standard Rent 

d) Actual Rent.

All information can be easily availed except standard rent as this is fixed by rent controller.

Query is how to get this Standard

Rent figure to easily to calculate Income from house property's without much of headache.

Can someone enlighten me !

Thanks

Replies (2)
Quick Summary
This discussion seeks to simplify the calculation of income from house property. The main challenge is obtaining the 'Standard Rent' figure, which is often fixed by the rent controller and can be difficult to access. While Fair Market Value, Municipal Value, and Actual Rent are generally straightforward to find, the Standard Rent is crucial for accurate income calculation, especially for properties under rent control.

It is applicable only if the let out property is under Rent control act. Mostly it is lower than actual rent. Municipality or local Revenue offices have this figure for the area.

Okay !  Thank you Sir

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 16 July 2026
CA Article

Pipara & Co. LLP.

Mumbai

CA Inter

View Details
Company
Featured 18 July 2026
CA Articleship

apricus india

Mumbai

CA Inter

View Details
Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Company
11 July 2026
CA semi qualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
14 July 2026
Senior Executive/ Manager

H S SHARMA AND CO

Pune

CA Final

View Details
Company
ARTICLESHIP 23 July 2026
Article

Gianender & Associates

New Delhi

CA Inter

View Details
Company
28 July 2026
Senior accountant

RJ Public School

Bengaluru

B.Com

View Details
Company
ARTICLESHIP 11 July 2026
Article

SNCO

Mumbai

CA Inter

View Details
Follow