Check sibling questions

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

 

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CA Maninder Singh is a Chartered Accountant for the past 12 years. He also provides Accounts Tax GST Training in Delhi and Kerala.