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