Day: November 30, 2023

In the context of income tax, the term “fair rent” refers to the hypothetical rent

Municipal valuation, also known as rateable value or annual value, is the estimated rental income

Gross Annual Value (GAV), also known as Annual Value, is a crucial component in determining

The income from a let-out house property is computed under the head “Income from House

Section 22 of the Income Tax Act, 1961 deals with income from house property. It

                     CHARGEABILITY [ SEC.22] Section 22 of the Income Tax Act, 1961, deals with the