kiran
asked over 3 years ago
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?
veeru
answered about 3 years ago
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).
Archana
answered over 3 years ago
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 over 3 years ago
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,
