Question

( 4 )
7. Mrs. Soumya Satpathy is the owner of
residential house constructed by availing
housing loan from a bank. The construction
of the house was completed in March 2006
The house was put on rent from 1st January,
2011 to 31st March, 2012 on a monthly rent
of 30.000 Compute the income from house
property .
The following information is available
Municipal (property) taxes- 26.000
Insurance premium (but not allowed as
deduction 1.200
Interest paid from 1st January 2011 to
31st March, 2012 loan taken for
construction 2.00.000
12​

Answer 1

Answer:

. Soumya Satpathy is the owner of

residential house constructed by availing

housing loan from a bank. The construction

of the house was completed in March 2006

The house was put on rent from 1st January,

2011 to 31st March, 2012 on a monthly rent

of 30.000 Compute the income from house

property .

The following information is available

Municipal (property) taxes- 26.000

Insurance premium (but not allowed as

deduction 1.200

Interest paid from 1st January 2011 to

31st March, 2012 loan taken for

construction 2.00.000