P Praveen Singh π Tutor III β 36.81K Points π Business Taxation Q. Mr. R owns a house. The Municipal value of the house is ` 50,000. He paid ` 8,000 as local taxes during the year. He uses this house for his residential purposes but lets out half of the house @ ` 3,000 p.m. The annual value of the house is. (A) 15,000 (B) ` 16,000 (C) ` 17,000 (D) ` 18,000 ποΈ Show Answer π¬ Discuss π Share β‘Menu β Correct Answer: (B) ` 16,000