Tag Archives: Section 23

Standard rent has to be computed as per the Rent Control Act even if same is not fixed

By | October 6, 2015

While determining annual letting value in respect of properties which are subject to rent control legislation and in cases where standard rent has not been fixed, Assessing Officer shall determine same in accordance with relevant rent control legislation   HIGH COURT OF BOMBAY Vimal R. Ambani v. Deputy Commissioner of Income-tax S.C. DHARMADHIKARI AND A.K.… Read More »

Section 11 Trust can not claim rental income under income from house property

By | September 9, 2015

Whether in case of Trust,  actual rent received is to be treated as the income from house property of the assessee and  not  under the head income from house property  (with the provisions of u/s. 23 & 24 of the Act) ? while arriving at the rental income of the assessee trust any expenditure incurred whatsoever related… Read More »


By | August 9, 2015

BRANCH LICENSING MASTER CIRCULAR DBR.CO.RRB.BL.BC.NO. 17/31.01.002/2015-16, DATED 1-7-2015 Please refer to the Master Circular RPCD.CO.RRB.No.BL.BC.4/03.05.90/2014-15 dated July 1, 2014 consolidating instructions/guidelines issued to Regional Rural Banks (RRBs) on Branch Licensing till June 30, 2014. The Master Circular has been suitably updated by incorporating the instructions issued up to June 30, 2015. The Master Circular has… Read More »