Find out with the help of given details/information, the gross annual value (GAV) of a house owned by Ramnath covered by Rent Control Act remained let out during the year 01-04-2019 to 01-04-2020: (i) Municipal value ₹7,

CS Executive · Tax Laws · PYQS · December 2020
Find out with the help of given details/information, the gross annual value (GAV) of a house owned by Ramnath covered by Rent Control Act remained let out during the year 01-04-2019 to 01-04-2020: (i) Municipal value ₹7,00,000 (ii) Actual (de facto) Rent ₹6,48,000 (iii) Fair Rent ₹6,60,000, and (iv) Standard Rent ₹7,20,000
(A) ₹7,20,000
(B) ₹6,48,000
(C) ₹7,00,000
(D) ₹6,60,000

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income from House Property

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic