practically what is the way to determine the 'standard rent' under the head' Income from House Property'?
The property is Letout for 7 months only and the rent is 261600/- for 7 months.
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Determination of standard rent
Replies (2)
in practical situation no one will adopt the procedure mentioned in income tax act
amount collected from tenent and to be collected trated as standered rent
in practical situation no one will adopt the procedure mentioned in income tax act
amount collected from tenent and to be collected trated as standered rent
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