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 He had borrowed a sum of 20,00,000 @10% per annum from LIC Housing Ltd. on 1st August, 2009 and the construction of the house was completed on 1st January, 2013. Total loan is still unpaid.

Answer 1

Answer:

2000000

Explanation:

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