state gov MP Vyapam AAO (Group 2 Sub Group 2) Mock Test 2022 Income-tax and Corporate Tax Planning Property Tax
Consider the following problem related to a house property taken on rent
Municipal value -₹ 60,000
Fair rent -₹ 68,000
Standard fare under Rent Control Act - ₹ 52,000
Annual rent received - ₹ 65,000
Gross annual value of the asset will be
1
₹ 68,000
2
₹ 62,000
3
₹ 65,000
4
₹ 60,000