Which one of the following is the Net Annual Value (NAV) of house for the given details?
Municipal value = Rs. 3,60.000
Fair Rental value = Rs. 4,00,000
Standard Rent = Rs. 5,00,000
Actual Rent (Annual Rent) = Rs. 4,80,000
Municipal Tax = Rs. 12,000 (due but not paid)
1
Rs. 4,00,000
2
Rs. 4,80,000
3
Rs. 4,68,000
4
Rs. 5,00,000