Question

Municipal valuation of the house is
Rs. 5,00,000 whereas the fair rent
of house property Rs. 5,15,000 and
standard rent is Rs. 5,20,000;
actual rent receivable is Rs.
5,40,000; municipal taxes paid 10%.
Net Annual Value is
O Rs. 4,50.000
O Rs. 4,70,000
O Rs. 4,75,000
O Rs. 4,90,000​

Answer 1

Answer:

Answer is 0 only

Explanation:

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Answer 2

The Annual Value is determined after taking 4 factors into consideration. These are: (i) Actual rent received or receivable (ii) Municipal Value (iii) Fair Rent (iv) Standard rent. Net Annual Value is calculated as gross annual value less municipal taxes paid.

so the answer is

4,90,000