GAV for House property

deepu (CA ) (45 Points)

27 January 2011  

Pls suggest  answer for the following:

MV-Rs 1,18,000

FR-Rs.1,15,000

SR-Rs1,20,000

Expected & Actual Rent Receivable(10k for 12 months) Rs. 1,20.000

Vacancy - 12 months

1. What would be the GAV?

2. Can it be negative & whether it be carried forward &  set off ?