170,800.
residence. He paid = 1,200 municipal taxes interested on fthe whole house. He paid e le
after April 1, 1999 @ 8% p.a. interest.
Compute his Total Income for the Assessment Year 2020-21.
22. Om Prakash in the owner of a big house and employed in a school at Allahabad on a
salary of 24,000 p.m. Municipal valuation of his house is 20,000. He has let out a
of the house on a monthly rent of * 1,400 and occupies remaining 2/3 portion for his
He had constructed the house with the borrowed money of * 2,00,000 which was born
Answers
Answer:
22. Om Prakash is the owner of a big house and employed in a school at Allahabad on a
salary of 24.000 p.m. Municipal valuation of his house is 20.000. He has let out 1
of the house on a monthly rent of 1,400 and occupies remaining 2/3 portion for
residence. He paid ? 1,200 municipal taxes in respect of the whole house. He paid
the insurance of the house. The house is constructed on leased land. He paid 600 at
He had constructed the house with the borrowed money of 72,00,000 which was borrowed after 1st apr 1999 @8% p. a. interest. compute his total income for assesment year 2020 2021
Explanation:
22. Om Prakash is the owner of a big house and employed in a school at Allahabad on a
salary of 24.000 p.m. Municipal valuation of his house is 20.000. He has let out 1
of the house on a monthly rent of 1,400 and occupies remaining 2/3 portion for
residence. He paid ? 1,200 municipal taxes in respect of the whole house. He paid
the insurance of the house. The house is constructed on leased land. He paid 600 at
He had constructed the house with the borrowed money of 72,00,000 which was borrowed after 1st apr 1999 @8% p. a. interest. compute his total income for assesment year 2020 2021