Vidyalelo
Commerce · Q544

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 544

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
Answer
D.
Rs. 2,10,000

Answer: Option C

Solution

Answer: Option C
No explanation is given for this question Let's Discuss on Board