Gross annual value of house is Rs. 4, 00,000. Municipal tax paid 10% of valuation. What will be Net Annual value of house? Answer A. O Rs.3,60,000 B. O Rs. 2,40,000 C.O Rs. 3,80,000 D. Rs. 1,95,000
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so sorry I can't do anything about it
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Assessment year is simply the time during which the income earned in the financial year is assessed and this means that it is the year that comes right after the financial year. ... However, while taxpayers are filing their income tax returns for the financial year 2019-20, but the assessment year is 2020-21.
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