https://www.taxtmi.com/manuals?id=4062 Computation of reasonable expected rent selects the higher of municipal value or fair rent; if a property is covered by the Rent Control Act, reasonable expected rent cannot exceed the statutory standard rent. Municipal value is the assessment by local authorities for municipal taxation; fair rent is the rent fetched by similar properties in comparable localities; and standard rent is the maximum legally recoverable rent under Rent Control. en-us Sat, 23 Dec 2023 13:04:00 +0530 Sat, 23 Dec 2023 13:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4062 Computation of reasonable expected rent selects the higher of municipal value or fair rent; if a property is covered by the Rent Control Act, reasonable expected rent cannot exceed the statutory standard rent. Municipal value is the assessment by local authorities for municipal taxation; fair rent is the rent fetched by similar properties in comparable localities; and standard rent is the maximum legally recoverable rent under Rent Control. Manuals Income Tax Sat, 23 Dec 2023 13:04:00 +0530 https://www.taxtmi.com/manuals?id=4062