How much Notional Rent shd I show in ITR?

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  1. Dear Sir,
    If Emi of loan is 30000 pm,can notional rent be 3000 pm or 3.6 lac per year.
    Regards
     
  2. Amit Sahni

    Amit Sahni Active Member

    Notional Rent is the rent which is the Rent prevalent in that area in which the house is situated.

    The rent at which the house is expected to be leased on rent is the notional rent.

    So if Rs. 3,000 is the rent at which flats in the vicinity are on rent - then you can show Rs. 3000 as notional rent.
     
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