Question

1. Municipal valuation of the house is Rs
1,00,000 fair rent Rs 1,20,000, standard
rent Rs 1,10,000 and actual rent received
or receivable is 1,40,000 .the gross
annual value in this case shall be
Rs 1,00,000
Rs 1,40,000
Rs 1,10,000
Rs 1,20,000
plz past ​

Answer 1

Answer:

140000..............

Answer 2

Given:

Municipal valuation of the house = Rs  1,00,000

Fair Rent = 1,20,000,

Standard Rent = 1,10,000

Actual Rent = 1,40,000

To Find:

Gross  annual value

Solution:

a) Fair Rent  - 1,20,000,

b) Municipal Value  -   1,00,000  

c) Higher of a or b  = 1,20,000,

d) Standard Rent  - 1,10,000

e) Expected Rent (Lower of c or d) = 1,10,000

f) Actual Rent  -  1,40,000

Gross Annual Value (higher of e or f )  =  1,40,000

Answer: The gross annual value is Rs. 1,40,000