14. Mr. Harish Saxena is a member of Housing Co-operative Society in Delhi and resides in half the portion of the house under Hire Purchase Scheme of the society. The remaining half portion is let out @ * 2,000 p.m. The fair rental value of the house assessed by the corporation is * 30,000 per annum. Local taxes paid in respect of the house amount to 12,000. Expenses incurred include fire insurance premium 400 and ground rent 3 400. Interest payable to society is 16,000. Other income of Mr. Saxena is 73,24,000. Compute his total income for the Assessment Year 2021-22. (6.14) Ans. Loss from H.P. * 3,400, T.I. * 3,20,600.
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answer:- loss of H.P.*3,400 , T.I.*3,20,600
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