kiran
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Hi I am one of the CA student. I want to know, How to compute gross annual value of a property which is let-out throughout the year?
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veeru
answered
Step 1: Compute reasonable expected rent of the property (for details refer to FAQ on computation of reasonable expected rent).
Step 2: Compute actual rent of the property (for details refer to FAQ on computation of actual rent).
Step 3: Compute gross annual value (Gross annual value will be higher of amount computed at step 1 or step 2).
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Archana
answered
Hie Kiran,
Gross annual value of a property which is let-out throughout the year is determined in the following manner :
Step 1: Compute reasonable expected rent of the property (for details refer to FAQ on computation of reasonable expected rent).
Step 2: Compute actual rent of the property (for details refer to FAQ on computation of actual rent).
Step 3: Compute gross annual value (Gross annual value will be higher of amount computed at step 1 or step 2).
phool chandra singh
answered
Dear,
your query is that How to compute gross annual value of a property which is let-out throughout the year?
answer of your query is that Gross annual value of a property which is let-out throughout the year is determined in the following manner :
Step 1: Compute reasonable expected rent of the property (for details refer to FAQ on computation of reasonable expected rent).
Step 2: Compute actual rent of the property (for details refer to FAQ on computation of actual rent).
Step 3: Compute gross annual value (Gross annual value will be higher of amount computed at step 1 or step 2).
Thanks & Regards,
