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Commerce Income Tax And Corporate Tax Difficulty: Medium

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?

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