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 ______

Related MCQs

• Municipal valuation of the house is Rs.1,00,000 fair rent Rs.1,20,000, fair rent Rs.1,20,000, standard rent Rs.1,10,000 and actual rent received or receivable is Rs.1,40,000. The gross annual value in this case shall be ____________
• A house property with fair rent Rs.1,20,000 is neither let out nor self-occupied throughout the previous year. Its annual value shall be ________
• M.has taken a house on rent and sublets the same to A, income of M from such house property shall be taxable under the head _____________
• In case the property is owned by co -owners and it is self-occupied by all co -owners. The annual value of such house property ____________
• M.Who was carrying on agency business, received a sum of Rs.5,00,000 from his principal for termination of agency. Compensation so received shall be _________-
• A has two house properties. Both are self-occupied. The annual value of ____
• A has two house properties. Both are self-occupied. The annual value of _________
• M,who is entitled to a salary of Rs.20,000 p.m took an advance of Rs.50,000 against the salary in the month of March ,2018. The gross salary of m for assessment year 2018-19 shall be _________
• Municipal tax is deducted from__________
• Municipal taxes to be deducted from GAV should be _______