Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Income-tax and Corporate Tax Planning Property Tax
Consider the following problem relating to a let out house property.
Municipal Value Rs. 70,000
Fair Rent Rs. 78,000
Standard Rent
(Under the Rent
Control Act) Rs. 72,000
Annual Rent Received Rs Received Rs. 75,000
The gross annual value of the property will be :
1
Rs. 78,000
2
Rs. 72,000
3
Rs. 75,000
4
Rs. 70,000