....Hey....My Brother, Mr Rakesh is a British national and is resident and ordinarily resident in India during the P.Y. 2017-18. He owns a house in London, which he has let out at £ 12,000 p.m. The municipal taxes paid to the Municipal Corporation of London is £ 9,000 during the P.Y. 2017-18. The value of one £ in Indian rupee to be taken at Rs 84. Can you please let me know Rakesh's Net Annual Value of the property for the A.Y. 2018-19?
Dec. 15, 2017