Given is the information related to a house Municipal Value (M...

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Given is the information related to a house
Municipal Value (M.V.) Rs. 1,50,000
Fair Rent Rs. 1,80,000
Standard Rent Rs. 1,60,000
Actual Rent Rs. 20000
Municipal tax paid by owner is 20% of M. V. Unrealised rent 40,000 (conditions of rule 4 satisfied). What is the annual value of the house?

A. Rs. 1,60,000

B. Rs. 1,50,000

C. Rs. 2,10,000

D. Rs. 1,70,000

Answer: Option D


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