Question

Define gross annual value in income tax act

Answer 1

Explanation:

Gross annual value (GAV) also called the annual value is the income that can be earned from a property whether it is let-out or not on a yearly basis.

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Answer 2

Answer:

Explanation:

Gross annual value (GAV) also called the annual value is the income that can be earned from a property irrespective of whether it is let-out or not on a yearly basis