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House property

Direct Taxation

I need clarification in calculation of 1.Gross annual value 2.Municipal tax A or B which is correct???

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Gautham Surya

Gautham Surya

CA Inter

9K+

04-May-24 09:27

85

Answers (10)

I will reply in a few hours.


Athish MB

Athish MB

CA Inter

1K+

04-May-24 10:13

B is correct..if in case for municipal value, standard rent and fare rent they give per annum then only A will be correct


Lavi Lavanya

Lavi Lavanya

CA Inter

6K+

04-May-24 10:46

Lavi Lavanya

B is correct..if in case for municipal value, standard rent and fare rent they give per annum then only A will be correct

Municipal value,fair rent,standard rent all are in ANNUAL VALUE....


Thread Starter

Gautham Surya

Gautham Surya

CA Inter

9K+

04-May-24 12:42

Per annum is not given..date of completion of house property is on June end So it is for 9 months the data is given also for 9 months only ..if per annum given we have to do 9/12 otherwise it is taken as the data given for the period of date of completion of house property


Lavi Lavanya

Lavi Lavanya

CA Inter

6K+

04-May-24 13:27

Lavi Lavanya

75 k ×16 %

Thank u so much for clarifying


Thread Starter

Gautham Surya

Gautham Surya

CA Inter

9K+

04-May-24 19:44

Welcome


Lavi Lavanya

Lavi Lavanya

CA Inter

6K+

04-May-24 20:40

Right


Shiva Teja

Shiva Teja

Faculty

06-May-24 12:05

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