Annual value

Tax queries 435 views 4 replies

Hello Friends,

Can any one please guide me, what is meant by "ANNUAL VALUE " of the property deemed to be let out ?

Regards,

Kishor

Replies (4)

Write your doubt completly then may be anyone can help you out

Originally posted by : Kishor

Hello Friends,

Can any one please guide me, what is meant by "ANNUAL VALUE " of the property deemed to be let out ?

Regards,

Kishor

In case of Deemed to be Let Out property, standard rent as per local municipal laws is considered as annual rent received. 

Read more at: /forum/income-from-house-property-faq-111402.asp#.UKuFeuSOTJg

Annual Value for Deemed tp be Let out Property is an estimated value..i.e not an actual consideration paid to owner of property. 

ok many thanks to all.

i got the whole idea regarding gross and net annual value of a rented property.

Regards,

Kishor.


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