Question

Kapil owns a house at Pune. From the following particulars, compute the total income
under the head 'income from house property' for the assessment year 2014-15 :

Municipal valuation 5,00,000
Fair rent 5,60,000
Actual rent (25,000 per month) 3,00,000
Standard rent 5,20,000
Municipal taxes paid (half of it was borne by the tenant) 25,000
Expenses on repairs 15,000
Fire insurance premium paid 12,000
Ground rent 16,000

Answer 1

Explanation:

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