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Shortcut formula to calculation of GAV under Income from House Property


(Guest)

 





If Standard Rent is given in problem (i.e When Standard Rent  is applicable)



If Standard Rent is not given in problem (i.e When Standard Rent  is not applicable)

(A) MARKET VALUE           * * * * * (A) MARKET VALUE             * * * * * 
(B) FAIR RENT                   * * * * * (B) FAIR RENT                     * * * * *  
(C) HIGHER OF A & B     * * * * * (C) HIGHER OF A & B         * * * * * 
(D) STANDARD RENT       * * * * * 



(E) LOWER OF C & D      * * * * *



(F) (ANNUAL RENT minus  * * * * *        UNREALISED RENT) (D) (ANNUAL RENT minus     * * * * *       UNREALISED RENT)
(G) HIGHER OF E & F      * * * * *  (E)  HIGHER OF C & D           * * * * 
(H)  Loss Due to Vacancy    * * * *  (F)  Loss Due to Vacancy        * * * * * 
GROSS ANNUAL VALUE   * * * * *               (G minus H)             GROSS ANNUAL VALUE        * * * * *              (E minus F)       

Regard

Amit Todkari


 39 Replies

CA Madhukiran Reddy (CHARTERED ACCOUNTANT) (12714 Points)
Replied 21 March 2011

Hey Amit seriously i followed this method only for my examination

Thanks for sharing bro.....

Vikas Gupta (CHARTERED ACCOUNTANT) (16295 Points)
Replied 21 March 2011

Thanks yaar


(Guest)
Originally posted by : Saritha and Vikas

Thanks yaar

CS LLB Pulkit Gupta (https://www.facebook.com/pages/Life-and-Promises/553962034682487)   (16631 Points)
Replied 21 March 2011

Gr8 . This is a useful concept

tony matthew (CA in Practice) (611 Points)
Replied 21 March 2011

Thank you Mr Amit

Suresh Prasad (www.aubsp.com) (15565 Points)
Replied 21 March 2011

 

Good one……!!!!!!!!!!!!

Better presentation jee……..!!!!!!!!!!


(Guest)

To understand income tax in its simplest of forms students may refer "Income Tax with Service Tax & Vat", by Vikash Mundhra.
.
Those who fear income tax subject, will feel comfortable with this book.
.
The Act is not going to change in any of the books, its just that how the writer has presented it and students choose accordingly depending on their liking for a particular way of presentation.

CMA. CS. Sanjay Gupta ("PROUD TO BE AN INDIAN")   (114102 Points)
Replied 21 March 2011

Really Good One....

BALU.... (CCI STUDENT....) (44614 Points)
Replied 21 March 2011

Great one bro, good work.....

Hardik Dave (IPCC and CS Professional(FINAL) Student)   (15528 Points)
Replied 21 March 2011

Originally posted by : Saritha and Vikas

Thanks yaar

(Guest)

great -- - - - - - -


(Guest)

Thanks

Aiswarya (CA Final ) (73 Points)
Replied 22 March 2011

thank you yaar...usefull post

neha ashok khare (student) (213 Points)
Replied 22 March 2011

thanx for sharing..


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