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Commerce · Q774

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 774

Q774

Given that: Fair rent of a let-out house property is Rs. 75,000. Its Municipal value is Rs. 60,000, standard rent is Rs. 72,000 and actual rent received is Rs. 63,000. What is the Gross Annual Value of this house property?

A.
Rs. 60,000
B.
Rs. 63,000
C.
Rs. 72,000
Answer
D.
Rs. 75,000

Answer: Option C

Solution

Answer: Option C
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