Accountancy, asked by salujas035, 3 months ago



Q.3 (a) How to calculate taxable income of let out house
property?

Answers

Answered by Itzmissprincess
1

Answer:

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. (b) The actual rent received (or receivable) by the owner of a property which is partly or fully let out.

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