Rental income - Municipal rateable value shall be taken into ...

Rental Income Assessed Using Higher Value Between Municipal Rateable Value and Actual Rent for House Property Income.

September 4, 2012

Case Laws Income Tax AT

Rental income - Municipal rateable value shall be taken into consideration for determining the ALV comparing it with the actual rent whichever is higher shall be taken it as income under the head income from house property. - AT

View Source

← Previous Next →

Rental income - Municipal rateable value shall be taken into ...

Rental Income Assessed Using Higher Value Between Municipal Rateable Value and Actual Rent for House Property Income.

September 4, 2012

Case Laws Income Tax AT

You may also like:

Income from house property - it is quite clear that the Municipal Ratable Value of the property is lower than the actual rent received by the assessee and in fact the...

Income from house property - notional rental income - no efforts were made by the Assessing Officer to determine the monthly rental/rate at which the Leased Property...

Income from house property - Estimation of notional rent - We fail to understand as to why the CIT(A) has chosen again to exhibit his scant regard to the judicial...

Income from house property u/s 23 - deemed rental income - estimating the fair market rent - it is a settled proposition that , the places where Rent Control Act is not...

Valuation of Rental Income - GST - Deduction of property taxes and other statutory levies - treatment of notional interest on the security deposit - All taxes levied...

Income from house property - Levy of deemed rent on the unsold real estate property of the assessee who is a real estate developer - nothing stops the assessing officer...

Income assessable under the head ‘Income from House Property’ - The adoption of an enhanced rate does not breach the theory of real income inas- much as what the law...

Renting of immovable property service - Valuation of rental income - The applicant can’t deduct the property taxes and other statutory levies for the purpose of arriving...

Rental income earned by assessee should be assessed as income from house property, not business income. AO failed to highlight aspects indicating rental income was...

The Income Tax Act did not intend to tax deemed rental income from properties held as stock-in-trade prior to the assessment year 2018-19. Section 23(5), introduced from...

Determination of annual value where premises are not regulated by Delhi Rent Control A/C - income from house property - Standard Rent Cannot be adopted" - the rateable...

Addition towards difference between the rental income received by the assessee from M/s.CFD, a partnership firm and rental income received by the partnership firm,...

Computation of income - Income from house property - notional interest not to be included in the municipal ratable value - AT

Fair rental value u/s 23(1)(a) - Municipal value or actual rent received – Merely because the rent has not been fixed under that Act does not mean that any other...

Income from house property - notional interest on interest free deposits and advance rent - if the rent received or receivable is more than the municipal value then the...

Quick Updates: