Example: 3) The details of House property are as follows: Municipal value: 60,000, Fair rent: 65,000, Standard Rent: 63,000, Annual rent: 72,000, Property remains vacant for 5 months and loss due to vacancy: 30,000. What is the Gross Annual value?

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....cancy: 30,000. What is the Gross Annual value? House Property - Gross Annual Value - (Sec. 23) Income Tax - House Property Income Income Tax Manuals Dated:- 17-8-2015 Chapter No. 03 - H....

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Example: 3) The details of House property are as follows: Municipal value: 60,000, Fair rent: 65,000, Standard Rent: 63,000, Annual rent: 72,000, Property remains vacant for 5 months and loss due to vacancy: 30,000. What is the Gross Annual value?