Annual value

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.