Taxation · Income from House Property
Sequence the correct steps for computing the Gross Annual Value (GAV) of income from house property: (A) Find out the rent actually received or receivable after excluding unrealised rent before deducting loss due to vacancy. (B) Find out the loss because of vacancy. (C) Find out the reasonable expected rent of the property. (D) Find out which one is the higher amount computed in (C) or (A). (E) (D) - (B) is the Gross Annual Value. Choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(A), (B), (C), (D), (E)
- 2(D), (A), (C), (B), (E)
- 3(A), (D), (C), (B), (E)
- 4(C), (A), (D), (B), (E)✓
Correct answer
(C), (A), (D), (B), (E)
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