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ILLUSTRATION 3 WHEN THERE IS UNREALISED RENT BUT NO VACANCY PERIOD Find out the gross annual value in case of the following properties let out throughout the previous year for the assessment year 2019-20. in '000) Particulars H1 H2 H3 H4 H5 90 500 30 100 315 300 300 300 300 300 Municipal annual value Fair rent Standard rent under the Rent Control Act Actual rent receivable p.a. Unrealised rent of the PY, 2018-19 (in terms of months) 50 800 240 250 500 600 180 150 120 2 360 3 3 1 2 in '000) Steps Particulars H1 H2 H3 H4 H5 1st Calculation of RER 90 500 30 100 315 Gross Municipal Value Fair Rent 300 300 300 300 300 300 500 300 300 315 50 240 250 500 800 500 50 240 250 315 2nd Higher of the above [A] Standard Rent [B] [ Reasonable Expected Rent flower of A and B] [C] Calculation of (ARR- Unrealised Rent) Actual rent receivable p.a. Unrealised rent ARR- Unrealised Rent [D] Gross Annual Value (being higher of step 1 and step 2) 120 600 180 360 150 25 20 150 100450 100 500 15 90 165 270 270 125 3rd 240 315 Assume, conditions prescribed under Rule 4 being satisfied f34 ILLUSTRATION 4 WHEN THERE IS VACANCY PERIOD BUT NO UNREALISED RENT Find out the Gross annual value in case of the following properties in 000) Particulars H1 H2 H3 H4 H5 H6 300 400 500 300 300 Gross Municipal Value p.a. Fair rent p.a. Standard rent under the Rent Control Act p.a. 200 300 600 750 200 400 180 225 300 180 280 250 240 600 900 300 216 240 Actual rent p.a. Property remains vacant (in number of month) 240 1 1 3 2 2 1