Question

Problem on House property.
An individual assessee owns four houses at Mysuru, all of which are let out. Compute the net annual value of each house from the information given below for the AY 2019-20:

Particulars Municipal value Fair rent Standard rent Actual rent received
House-1 2,00,000 2,30,000 1,88,000 2,60,000
House-2 3,20,000 3,20,000 N.A. 3,00,000
House-3 1,90,000 1,94,000 2,24,000 2,00,000
House-4 1,70,000 1,64,000 N.A. 1,88,000

For House 1 and 4, the municipal taxes @10% were paid by the owner but for the House 2, the municipal taxes @10% were paid by the tenant and for the House 3, the municipal taxes @12% were not paid in the financial year.​

Answer 1

Answer:

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