Accountancy, asked by rabbilarief, 4 months ago

what is mean by statutory detection of net value for a house property​

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Answered by Anonymous
7

Answer:

Gross Annual Value of a property is the value at which the property might reasonably be expected to be let from year to year. ... The Annual Value is determined after taking 4 factors into consideration. These are: (i) Actual rent received or receivable (ii) Municipal Value (iii) Fair Rent (iv) Standard rent.

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