A taxpayer needs to calculate gross annual value (GAV) of his/her house if it is either put on rent or there are more than two properties and the additional properties are lying vacant. Read below to find out how to calculate GAV of a house if it is applicable to you.
If an individual owns the house property, then it may happen that he/she has some income from that property. However, not many people understand the correct way of calculating income from house property for ITR filing purpose. Here is how an individual can calculate income from house property for ITR filing this year.