Question

Mr abhishek owns a house at kanpur,municipal value of which is 30,000and fair rent 35000 per annum .During the previous year the house is used by him for his own residence from 1st april 2016 to 30th june 2016 and is let out 3000 p.m from 1st july 2016for residential purpose .the house owner incurred the following expenses during the previous year .municipal tax 4,500 ,repair 6000,fire insurance premium 4000,land revenue 4,500 and ground rent 3,000.he took a loan of 40,000@18%interest per annum for the construction of the house as on 1st april 2012,the construction of the house as on 1st april 2012.the construction is completed on 31st march 2014.no amount has been paid of so far .compute taxable income from house property for the assessment year 2017-18

Answer 1

answer income from house property 8550