9911796707
| TMI Short Notes |
|
Home |
Example: 4) The details of House property are as follows: Municipal value: 80,000, Fair rent: 78,000, Standard Rent: 85,000, Annual rent: 72,000, Property remains vacant for 3 months and loss due to vacancy: 18,000. What is the Gross Annual value? |
Chapter No. 03 - House Property - Gross Annual Value - (Sec. 23) ALV u/s 23(1)(a) i.e. Higher of MV or FV but ≤ standard rent = 80,000 ARRR excluding UR = 54,000 GAV u/s 23(1)(a) = 62,000 (i.e. 80,000 – 18,000)
Dated: 17-8-2015
|
