For computation of Gross Annual Value, if actual rent is more than expected rent, then we select the ______________.

Related MCQs

• Calculate the Gross Annual value from the following details: Municipal Value - Rs. 45,000 Fair rental value - Rs. 50,000 Standard rent - Rs. 48,000 Actual Rent - Rs. 42,000
• _______ is the rent fixed under Rent control Act.
• Expected Rent can be determined in the following way
• The Central Government has notified Income computation and disclosure standards for computing income under the head Profits and Gains of Business and Profession - .
• In the case of a company in which not less than _______% of the subscribed share capital is held whether singly or in combination by certain special institutions and bodies, the appointment or re-appointment of auditors shall be made at each annual general meeting by a special resolution.
• Deduction from annual value is allowed under ______________.
• ………………………….% standard deduction is allowed on annual value.
• Salary of S (Rs. 40,000 per month) becomes due on the last day of the month but is paid on 7th of next month. Also, salary of April, 2014 and May, 2014 is received in advance in March, 2014. What will be his gross income for Assessment Year 2014-15?
• Gross Total Income is arrived after:
• Rent Free Accommodation given to an employee by the employer is a _________