Shortcut formula to calculation of GAV under Income from House Property

simple calculation...........gr8

The presentation is as good as the trick for GAV....

Kudos

Keep sharing...

Thankyou Amit for sharing useful steps

Really ,its very helpful.

Thanks Amit for your simple funda :)

Thanks sir. Really  useful method i find.

It is very useful. thanks 4 sharing

Kindly guide me in this regard,

case1

House property constructed on 31.3.16 (date of completion) and let out from 1.4.16. Interest paid for py 2015-16 Rs.525000.Actual rent is NIL for the PY as the property was let out from 1.4.16.What should be the GAV? How much interest can i claim?

Case 2

House property constructed on 01.10.15 (date of completion) and bank charged principal from 01.10.15 but interior work finished on 31.3.16 and let out from 1.4.16. Interest paid for py 2015-16 Rs.525000.Actual rent is NIL for the PY as the property was let out from 1.4.16.What should be the GAV? How much interest can i claim?

In both the cases Loan taken on 1.4.15.

I want to know the logic that why higher of MR and FR is taken and in second step the figure of first step is compared with SR and lower of the two is taken. What is the actual logic behind this. Kindly provide me the logic

I want to know the logic that why higher of MR and FR is taken and in second step the figure of first step is compared with SR and lower of the two is taken. What is the actual logic behind this. Kindly provide me the logic