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. 4,20,000
What is the gross annual value of the house property?
1
Rs. 4,80,000
2
Rs. 5,00,000
3
Rs. 4,20,000
4
Rs. 4,50,000