Question

Mr biswas is the owner of a house, particulars in respect of which are:-

date of completion-1.4.2005
Used for- tenant's bussiness

rent received-rupees
municipal tax paid by the tenant-36000
repair charges paid by the owner-3000
Insurance Premium paid-4000
Interest on loan taken-300
for construction of house-3000
for relative's marriage-2000

Compute Mr Biswas's income house property for the assessment year-2006-2007​

Answer 1

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