Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Income-tax and Corporate Tax Planning Property Tax
Following are the information for a House Property:
Municipal value Rs. 4,50,000
Fair rental value Rs. 5,00,000
Standard rent Rs. 4,80,000
Actual rent Rs. 4,90,000
What is the Gross Annual Value of the House Property?
1
Rs. 480,000
2
Rs. 500,000
3
Rs. 490,000
4
Rs. 450,000