মোট ভাড়ামূল্য পরিগণনা

(1) The total rental value of any house property owned by a person in any income year shall be calculated according to the following formula:

A = (B+C+D)-E-F, where-

A = Total rental value,

B = Whichever of the following numbers is greater;

i. the amount of rent earned from the house property; or

ii. annual value of house property;

C = any adjustable advance received on rent of the said house property to the extent adjusted in the said income year;

Provided that it shall not include any irreconcilable advance or security,

D = Any amount or any benefit other than the salary or premium received on account of the use of the said house property in the said income year, which is additional to the amount mentioned in B and C,

E = any service charge, repair and maintenance charge, or any other sum, however called, paid by the tenant of the house property;

F = Vacancy allowance, which will be admissible only if proved subject to production of the electricity bill.

(2) The total rental value of property other than house property shall be calculated according to the following formula:

A = (B+C+D), where-

A = Total rental value,

B = Whichever of the following numbers is greater, namely:

i. the amount of rent earned from the house property; or

ii. annual value of house property;

C = any adjustable advance received on rent of the said house property to the extent adjusted in the said income year;

Provided that it shall not include any irreconcilable advance or security,

D = income derived from the use of the property in any other way and the monetary value of any other figure or benefit derived from the property, which is in addition to the figures mentioned in B and C.

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