Income from house property

This query is : Resolved

SHRIMALI (Querist)
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16 October 2011 Dear Expert
Please tell me what will the GAV of this property.

Mr A own a house property in delhi. From the particulers given below.

Municipal value 200000
Fair rent 252000
Standard rent 240000
Actual rent (per month) 23000

CA RICHA BADALIA

CA RICHA BADALIA (Expert)
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16 October 2011 GAV Rs.23000*12

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CA VISHAL RANA,CS,B.Com,AMFI

CA VISHAL RANA,CS,B.Com,AMFI (Expert)
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16 October 2011 SHRIMALI, IF HP IS LET OUT THEN GAV=276000

IF HP VACANT DEEMED LET OUT=EXPECTED RENT=240000(STANDARD RENT)

IF SELF OCCUPIED THEN=NIL.

ALSO THANKS TO RICHA SMART ANSWER

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