Question

What is annual value under the head of income from house property?​

Answer 1

Answer:

Type of House Property Self Occupied Let Out

Net Annual Value(NAV) Nil 81,000

Less: Standard Deduction(30% of NAV) NA 24,300

Less: Interest on Housing Loan 200,000 200,000

Less: Pre-construction interest (1/5th of 3 Lakhs) 60,000 60,000

HOPE Understood WELL

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