Gross Annual Value of House properties

This query is : Resolved

Pradeep Patankar (Querist)
Follow

14 July 2011 Assessee is having the 4 House Properties.

one Self occupied and other 3 letout.

1 2 3
Rent p.m. 6500 4500 9000
let-out for 12 Months 12 Months 12 Months
Vacant for 0 Months 8 Months 12 Months
Rent Received 78000 18000 Nil

What will be the GAV of above House properties ????

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

14 July 2011 The assessee seems to be very clever.
GAV is 96000/- only. In the absence of any information regarding Municipal Valuation or fair rent, rent received has been accepted as the expected reasonable rent.