Compute income rom HOULL
Ans. 30,100.
House I
House II
House III
opted as sell
occupied
6.
Standard Rent under the Rent Control Act
Municipal Valuation
Fair Rent
Municipal Taxes paid
Repairs
Insurance Premium
Ground Rent
15,000
10,000
18.000
1,200
Nil
1.200
1,800
20.000
30,000
18,000
2,400
Nil
1,300
7.000
30008
3500
3,644
60
40
June, 2012; date of repayment of the loan : 10th May, 2020).
under the head 'Income from House Property for the Assessment Year 2020-21.
Assume X opts for house No. II and III to be treated as self occupied.
Ans. Loss 2,140.
43. X has occupied three houses for his residential purposes, particulars of which are as follom
X borrows 30,000 @ 20% per annum for construction of House III (date of borrowing: 1x
Construction of all the houses is completed in May 2017. Determine the taxable income of
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