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Q. |
Municipal valuation of the house is Rs.1,20,000, fair rent 1,40,000, standard rent Rs.1,30,000 and actual rent received or receivable is Rs.1,25, 000.The gross annual value in this case shall be ______ |
A. | 1,30,000 |
B. | 1,25,000 |
C. | 1,40,000 |
D. | 1,60,000 |
Answer» C. 1,40,000 |
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Direct Tax