The municipal value of a property is ₹2,10,000; fair rent is ₹1,90,000; standard rent is ₹1,80,000 and the actual rent is ₹2,40,000. The gross annual value of the property would be —
CS Executive · Tax Laws and Practice · PYQS · December 2016
The municipal value of a property is ₹2,10,000; fair rent is ₹1,90,000; standard rent is ₹1,80,000 and the actual rent is ₹2,40,000. The gross annual value of the property would be —
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Income Tax
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