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Commerce · Q374

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 374

Q374

Calculate the Gross Annual Value from the following details: Municipal Value - Rs. 45,000 Fair Rental Value - Rs. 50,000 Standard Rent - Rs. 48,000 Actual Rent - Rs. 42,000

A.
Rs. 50,000
B.
Rs. 48,000
Answer
C.
Rs. 45,000
D.
Rs. 42,000

Answer: Option B

Solution

Answer: Option B
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