determination of GROSS ANNUAL VALUE(HP)
This query is : Resolved
28 May 2009
DEAR ALL,
MR. A CONSTRUCTED HIS HOUSE ON 30/06/2008. CONSISTING OF GROUND FLOOR & FIRST FLOOR EACH 1000 SQ. FEET.
HE OCCUPIED GR FLR ON 01/07/2008 & LET OUT FIRST FLOOR FOR A RENT OF RS.15000/-PER MONTH. HOWEVER TENANT VACATED THE HOUSE ON 31/12/08 & B OCCUPIED THEREAFTER.
FAIR RENT VALUE OF EACH UNIT 100000
MUNICIPAL VALUE OF EACH UNIT 72000
CALCULATED GROSS ANNUAL VALUE ???
IN TN MANOHARAN'S BOOK ITS 90000/-. I THINK IT SHOULD BE 100000.
MR. A CONSTRUCTED HIS HOUSE ON 30/06/2008. CONSISTING OF GROUND FLOOR & FIRST FLOOR EACH 1000 SQ. FEET.
HE OCCUPIED GR FLR ON 01/07/2008 & LET OUT FIRST FLOOR FOR A RENT OF RS.15000/-PER MONTH. HOWEVER TENANT VACATED THE HOUSE ON 31/12/08 & B OCCUPIED THEREAFTER.
FAIR RENT VALUE OF EACH UNIT 100000
MUNICIPAL VALUE OF EACH UNIT 72000
CALCULATED GROSS ANNUAL VALUE ???
IN TN MANOHARAN'S BOOK ITS 90000/-. I THINK IT SHOULD BE 100000.
30 May 2009
It should be 90000/-
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Selecting Tax Regime while for calculating tax relief on under Section89 of income tax act 1961.
- Cloud service
- Relief Calculation u/s 89 of ITax 1961 in TableA Form10E
- Sale of Gold ornaments
- Running non ac bus under contract with roadways
- GST ITC on Liquidated damages
- Credit note Issue reg
- SECTION 194T
- Ca final exam registration may-26
- Conversion of Pvt Ltd Company to a LLP
- Expenses add back in profit
- Forgot to update debit note in gst
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
