What do you mean by Annual Value?

Ritik Chopra , Last updated: 24 November 2023  
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The term annual value has been defined under Section 23(1) of the Income-tax Act, as the sum for which the property might reasonably be expected to let from year to year. The annual value is the value which any house can fetch from the market under the prevailing circumstances such as local conditio

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Published by

Ritik Chopra
(student)
Category Income Tax   Report

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