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  • House Remains Weekend For A Part of The Previous Year

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    nBJSI
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    The document discusses how to determine the annual gross value (GAV) of a house for tax purposes based on its expected and actual rental income. If the actual rent received is more than the expected rent, the actual rent amount will be the GAV. If the actual rent is less than expected, the expected rent amount will be the GAV. The document also provides an example where the expected annual rent is Rs. 100,000, the house was let out for Rs. 10,000 per month, and the house remained unoccupied for 1 or 3 months.

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    House remains weekend for a part of the previous year.docx

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    The document discusses how to determine the annual gross value (GAV) of a house for tax purposes based on its expected and actual rental income. If the actual rent received is more than the expected rent, the actual rent amount will be the GAV. If the actual rent is less than expected, the expected rent amount will be the GAV. The document also provides an example where the expected annual rent is Rs. 100,000, the house was let out for Rs. 10,000 per month, and the house remained unoccupied for 1 or 3 months.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    2 views1 page

    House Remains Weekend For A Part of The Previous Year

    Uploaded by

    nBJSI
    The document discusses how to determine the annual gross value (GAV) of a house for tax purposes based on its expected and actual rental income. If the actual rent received is more than the expected rent, the actual rent amount will be the GAV. If the actual rent is less than expected, the expected rent amount will be the GAV. The document also provides an example where the expected annual rent is Rs. 100,000, the house was let out for Rs. 10,000 per month, and the house remained unoccupied for 1 or 3 months.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    House remains weekend for a part of the previous year

    1. If the actual rent for let out period is more than the expected rent
    the actual rent will we the GAV
    2. If the actual rent received for let out period is less than the
    expected rent the actual rent will we the gross annual value.que_
    3. Queue _ determine the annual value in the following cases
    Case 1
    ER 100000

    House let out 10000

    per month

    Has MT 9000(10% of annual value)


    House remains weaken
     For 1 month
     For 3 month

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