Scope of gross rent

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... t receivable by the assessee under a contract, whether in writing or otherwise. (3) The presumptive rent referred to in sub-section (1) shall be six per cent. of - (a) the ratable value fixed by any local authority in respect of the property; or (b) the cost of construction or acquisition of the property if no such value has been fixed by the local authority. (4) The gross r .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X