https://www.taxtmi.com/acts?id=10803 Gross rent is the higher of contractual rent and presumptive rent; contractual rent is that receivable under any contract while presumptive rent equals six per cent. of the local authority ratable value or, if none, the cost of construction or acquisition. Gross rent is nil for unlet houses except where the house is let during the year or any other benefit is derived, and the nil treatment may be applied to only one house owned by a person, as specified by the owner. en-us Thu, 20 Aug 2009 11:50:31 +0530 Thu, 20 Aug 2009 11:50:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10803 Gross rent is the higher of contractual rent and presumptive rent; contractual rent is that receivable under any contract while presumptive rent equals six per cent. of the local authority ratable value or, if none, the cost of construction or acquisition. Gross rent is nil for unlet houses except where the house is let during the year or any other benefit is derived, and the nil treatment may be applied to only one house owned by a person, as specified by the owner. Act-Rules Bills Thu, 20 Aug 2009 11:50:31 +0530 https://www.taxtmi.com/acts?id=10803