To determine the net annual value

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To determine the net annual value:

A. The municipal tax actually paid for the current year and previous year is deducted

B. The municipal tax for the current year is only deducted

C. The municipal tax paid for the previous years along with the current year's due amount (if not paid) is deducted

D. 50% of the previous year tax and 100% of the current year's tax if paid in current year is deducted

E. No deduction is allowed for the previous year's tax and only current year's tax is deducted

Answer: Option A


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