NAV=Net Assets Value

 

   
Gross Annual Value XX
Less  
Municipal Taxes XX
Unrealized Rent XX

Net Asset Value

XX

 

Hence from GAV, following two deductions are allowed to arrive at NAV

1.Municipal Taxes paid

2.Unrealized Rent

 

Lets study these in detail

  1. Income Tax
  2. Income From House Property
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Davneet Singh's photo - Teacher, Computer Engineer, Marketer
Davneet Singh
Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 8 years. He provides courses for Maths and Science at Teachoo. You can check his NCERT Solutions from Class 6 to 12.