Q544
Given is the information related to a house: Municipal Value (M.V.) Rs. 1,50,000 Fair Rent Rs. 1,80,000 Standard Rent Rs. 1,60,000 Actual Rent Rs. 20,000 p.m. Municipal tax paid by owner is 20% of M.V. Unrealised rent Rs. 40,000 (conditions of rule 4 satisfied). What is the annual value of the house?
A.
Rs. 1,50,000
B.
Rs. 1,60,000
C.
Rs. 1,70,000
AnswerD.
Rs. 2,10,000
Answer: Option C
Solution
Answer: Option C
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