Income from house property

Dear sir, please tell me where I can get the fair market value and standard rent for a house property situated in kolkata? Is there any way to calculate income from house property without knowing these?
Replies (5)
If nothing is mentioned regarding fair value.. Then you have to consider actual rent as a fair value.. And standard rent has to be mentioned in the problem.. If not mentioned then consider it to be nil..

hi, You can get these value from your municipality bill. this calculation should be made in sq. foot which is determined by municipal authority. As u show back side in municipal bill rate for sq. foot * your carpet area which is mention in municipal bill. this way u will get fair market value.

 

@ Mary Asha how can it be possible as NIL. For your kind information income from house property is chargeable on NOTIONAL basis.

@ Hardiik Bunha i agreed

 

@ Mary Asha it is a real question and not a problem of Numerical

 

However in case there are certain chances that sometime these figures are not available in Municipal Bill than you have to you approach your Municipal Corporation Authority there you can get the details easily.

agree with rahul..good ans...
Alright.. Sorry for being wrong..

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details