HO
6o
1 Mr. Ted owns a house property the particulars of which for the Previous Year 2017-18 are as belowo o
Fair rent- +2,00,000
Municipal Valuation-1,90,000
Standard Rent-1,75,000
Actual Rent received-3 16,000 per monthx12.193000
1820
Municipal Taxes paid- 69,000, which includes the arrears for previous year 2015-16 and 2016-1
amounting to 33,000.
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Answer:
Gross annual value = 16000×12=192000
(actual rent)
(-) municipal taxes. =69000
annual value =. 123000
(-) standard deduction
30%of annual value. = 36900 income from house property = 86100
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