Shraddha posted an Question
November 03, 2020 • 01:35 am 10 points
  • UGC NET
  • Commerce

Is municipal valuation of the house is rs.1,00,000 whereas the fair rent of house property rs.1,15,000 and standard rent is rs.1,20,000; actual rent receivables

is Municipal valuation of the house is Rs.1,00,000 whereas the fair rent of house property Rs.1,15,000 and standard rent is Rs.1,20,000; actual rent receivables is Rs.1,40,000; municipal takes paid 10%. Net Annual Value is

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  • Sapare bhavani bai best-answer

    municipal value or fair value whichever is higher subject to standard rent is Expected rent here expected rent is Rs.115000 actual rent receivable is rs.140000 Gross annual value is Rs.140000 municipal tax is Rs.10000 Net annual value is Rs.130000

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