Compute the income from house property from information given below:
Municipal Rental Value 18000
Rent received dunng the year 24000
Municipal Taxes (50% paid by tenant) 1800 p.a.
Expenses incurred on repairs
(a) By owner 3000
(b) By tenant 3000
Collection charges 1000
Date of completion of house 1/6/1998
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Net Average value 23,100
Standard deduction 6,930
Income 16,170
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