Following are the information for a house property Municipal value Rs...

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Following are the information for a house property:
Municipal value : Rs. 4,50,000
Fair rental value : Rs. 5,00,000
Standard rent : Rs. 4,80,000
Actual rent : Rs. 4,20,000
What is the gross annual value of the house property?

A. Rs. 4,80,000

B. Rs. 5,00,000

C. Rs. 4,20,000

D. Rs. 4,50,000

Answer: Option A


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