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Commerce · Q736

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 736

Q736

Consider the following problem relating to a let-out house property: Municipal value - Rs. 60,000 Fair rent - Rs. 68,000 Standard rent under the Rent Control Act - Rs. 62,000 Annual Rent received - Rs. 65,000 The Gross Annual Value of the property will be:

A.
Rs. 68,000
B.
Rs. 62,000
C.
Rs. 65,000
Answer
D.
Rs. 60,000

Answer: Option C

Solution

Answer: Option C
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