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I have a house property in Noida, which is let ...

I have a house property in Noida, which is let out for rent throughout the year. But it remained vacant for 2 months. The expected rent is Rs 1.20 lakhs whereas the actual rent is Rs. 1 lakhs. What is my Gross annual value?

I have a house property in Noida, which is let out for rent throughout the year. But it remained vacant for 2 months. The expected rent is Rs 1.20 lakhs whereas the actual rent is Rs. 1 lakhs. What is my Gross annual value?

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Chiranjibi Aug. 04, 2018

Your Gross annual value would be Rs 1 lakhs.

This is because, when the actual rent received is less than the expected rent due to the vacancy of the property for some time during the year. The gross annual value of the property will be actual rent received.

I have a house property in Noida, which is let out for rent throughout the year. But it remained vacant for 2 months. The expected rent is Rs 1.20 lakhs whereas the actual rent is Rs. 1 lakhs. What is my Gross annual value?

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