Rajendra a non-resident Indian in the previous year 2019-20 was in receipt of rent of house property located in Dubai of ₹ 27,50,000. The amount of rent was transferred and credited in the bank ac-count of Rajendra maintained with SBI, Vadodara by the tenant quarterly. The Annual Letting Value (ALV) of the house located in Dubai subject to tax under the head Income from house property in A.Y. 2020-21 shall be
A. ₹ 16,50,000
B. ₹ 19,25,000
C. ₹ 27,50,000
D. Not taxable as property is in Dubai and he is non-resident
Answer:B
Rajendra a non-resident Indian in the previous year 2019-20 was in receipt of rent of house property located in Dubai of ₹ 27,50,000. The amount of rent was transferred and credited in the bank ac-count of Rajendra maintained with SBI, Vadodara by the tenant quarterly. The Annual Letting Value (ALV) of the house located in Dubai subject to tax under the head Income from house property in A.Y. 2020-21 shall be
A. ₹ 16,50,000 B. ₹ 19,25,000 C. ₹ 27,50,000 D. Not taxable as property is in Dubai and he is non-resident