Automated Data Entry into Tally, Zoho Books, Quickbooks Certificate in Quantitative Finance

Shortcut formula to calculation of GAV under Income from House Property

Page no : 3

Ajay (Associate) (38 Points)
Replied 23 March 2011

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


Resham (Carpe Diem !!!) (6535 Points)
Replied 23 March 2011

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

Kudos

Keep sharing...


Devadas K S (One life one Dream) (3525 Points)
Replied 23 March 2011

Originally posted by : Saritha and Vikas

Thanks yaar


(Guest)

Thankyou Amit for sharing useful steps

Really ,its very helpful.


CA CS CIMA Prakash Somani (Landmark Group) (23502 Points)
Replied 24 March 2011

Thanks Amit for your simple funda :)




(Guest)

Thanks sir. Really  useful method i find.


Dimple Kotak (Accounts & Tax ) (185 Points)
Replied 19 April 2011

It is very useful. thanks 4 sharing


chandan v p (Article) (27 Points)
Replied 14 June 2016

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.

 

 

 


Yasir Faraz (CA Final Student) (25 Points)
Replied 12 December 2016

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


Yasir Faraz (CA Final Student) (25 Points)
Replied 12 December 2016

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




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