Income-Tax & CTP Q151

151Mr. Rupesh owns a house property. Municipal value ` 1,50,000, Fair Rent ` 1,25,000 and Standard Rent ` 1,45,000. It is let-out throughout the previous year for ` 10,000 p.m. up to December 31, 2015, and ` 1,45,000 p.m. thereafter. Find out the Gross Annual Value for the Assessment Year 2016-17.

Option : A
Explanation :

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