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House property

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(Querist)
13 March 2010 Q. Standard rent Rs. 11000 per month
Actual rent Rs. 10000 per month
Property Letout whole of the Previous year. compute House property income ?

Please answer this Question

thank you
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
13 March 2010 Gross annual value is higher of Actual rent received or Fair market vale subject to maximum of stranded rent.

in your case is GAV is 120000/-

less 30% slandered ded'n

income from HP is Rs. 84,000/-
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
13 March 2010 Agreed with mr.Ashok
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