Mathematics · Tax Calculation
Mr. Bhushan owns a house property whose municipal value is ₹ 1,20,000 while its fair rent is ₹ 1,80,000, and municipal taxes are 25%. The house was let out for the first 5 months of the previous year for ₹ 14,000 per month, and was self-occupied for the remaining months. What is the net annual value (NAV) of the property?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹ 80,000
- 2₹ 1,50,000✓
- 3₹ 30,000
- 4₹ 1,40,000
Correct answer
₹ 1,50,000
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