Question

9. Three brothers A,B and C having equal share co-owners of a house property
Consisting of six identical units , the property was constructed on 31-5-1997 . Each of
them occupies one unit for his residence and the other three units are Let out at a rent of
Rs-12,000 per month per unit . The municipal value of the house property is Rs6,00,000 and the Municipal Taxes are 40% of such Municipal Value ,which were paid
during the year. The other expenses were as follows:
(i) Repairs Rs.25,000
(ii) Collection charge Rs.15,000
(iii) Insurance Premium (Paid) Rs.18,000
(iv) Interest payable on loan taken construction of house Rs. 2,52,000
One of the let out units remained vacant for three months during the year. A could not
occupy his unit for six months as he was transferred to Mumbai . He does not own any
other house .Compute the income under the head "Income from House Property"of the
three brothers for AY 2020- 21

Answer 1

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