Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Income-tax and Corporate Tax Planning Property Tax
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 pm
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?
1
Rs. 1,50,000
2
Rs. 1,60,000
3
Rs. 1,70,000
4
Rs. 2,10,000