Out of the following which will be deducted from GAV (Gross Annual Value) of a house property ?

CS Executive · Tax Laws · PYQS · December 2023
Out of the following which will be deducted from GAV (Gross Annual Value) of a house property ?
(A) Municipal Taxes of previous years and current year paid by landlord but reimbursed by the tenant
(B) Municipal taxes of current year paid by the tenant
(C) Municipal taxes of current year payable
(D) Municipal taxes of Previous Years and current year paid by the owner during the current previous year

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax Act, 1961

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