Accountancy, asked by pius3, 11 months ago

why the Gross annual value for self occupied house is zero? can someone elaborate this please

Answers

Answered by cutieshreya15

Annual Value of the property which is self occupied, which isless Municipal Taxes Paid. If the property is let out, its rent received is your Gross Annual Value. For a deemed to be let out property, a reasonable rent of a similar place is your Gross Annual Value.

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