Home › CA Inter › taxation › Income from House Property › Higher of municipal value and fair rent, subject…
Higher of municipal value and fair rent, subject to standard rent, forms the basis for the:
Astandard deduction
Binterest deduction
Cmunicipal tax
Dexpected rent in computing Gross Annual Value
Answer & Solution
Correct answer: D. expected rent in computing Gross Annual Value
Expected rent (for GAV) is higher of municipal value and fair rent, capped at standard rent.
Related questions
Municipal value, fair rent and standard rent are all relevant for computing the:Rent from a vacant plot of land (with no building) is taxable under the head:Arrears of rent received are taxable after a deduction of ___ under Section 25A:Income from subletting a property by a tenant is taxable under the head:The annual value of a property held as stock-in-trade and not let out is, for a specified If a self-occupied house was acquired with a loan but construction was not completed withiGross Annual Value of a let-out property is the higher of expected rent and the:Interest on a loan taken for a let-out property is: