Gross Annual Value of House properties
This query is : Resolved
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 ????
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 ????
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.
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.
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