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Calculating income from house property

Venkat (NA) (76 Points)

18 October 2021  

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


 2 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (108743 Points)
Replied 18 October 2021

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.

1 Like

Venkat (NA) (76 Points)
Replied 18 October 2021

Okay !  Thank you Sir


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