what is mean by gross value of a self occupied house property
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The gross annual value of up to two self-occupied properties is zero. Whereas in case of Let out house, it is the rent collected. GROSS ANNUAL VALUE OF THE PROPERTY. Less: Municipal Taxes paid by owner. = Net Annual Value (Gross Annual Value – Property Tax).
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The gross annual value of up to two self-occupied properties is zero. Whereas in case of Let out house, it is the rent collected. GROSS ANNUAL VALUE OF THE PROPERTY. Less: Municipal Taxes paid by owner. = Net Annual Value (Gross Annual Value – Property Tax)
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