Question

11. Mr. Mudgal is owner of a house whose municipal valuation is 7 15,000 per annum. The
house was let out for + 1,500 per month. Municipality taxes 20% of its valuation, of which
half part is paid by the tenant. The tenant gave an advance of * 10,000 which is refundable
year. Both interests have not been deducted in calculating taxable income. The tenant is responsible for repair. the house is let out for five years and 30000 have been taken as premium. compute the income from house if unbuilt area is 20%​

Answer 1

mudgal is 15000 owner of a house Vinita