Question

Tax LOWE 1 Question No. 34 Expected Rent is always the higher of Fair Rental Value and Municipal Valuation? O TRUE True but limited to Standard Rent O True but limited to INR 250,000 O FALSE
what is the correct answer for it ​

Answer 1

Answer:

Expected rent – Higher value between municipal value and fair rent subjected to a maximum of Standard rent is expected rent. There can be three cases for the Gross Annual Value of a let-out property to be calculated.