Accountancy, asked by rabbilarief, 5 months ago

what is meant by annual value of house property? how is it determined ?

Answers

Answered by mayurakhi36

1

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.

Answered by Anonymous

1

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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