Question

Mr. Ray who has income only from house property,submits the following information about his house property income:
Gross Rental income of the year (after deducting following items) 100000.
1. Depreciation 100000
2. Lift maintenance charges 24500
3. Municipal taxes (10 percentage of MRV of 150000)
4. Vacancy 10000
5. Repairs 18000
6. pay of chowkidar 1000
7. Bank commission 500
8. Legal expenses on recovery of rent 8000
9. salary of gardener 1200
compute Mr.Ray's income from house property for the previous year ending on 31-03-2021. ​

Answer 1

Explanation:

Mr. Ray, who has income only from house property, submits the following information about his house

property income:

Gross Rental income of the year after deducting following items)

2

Depreciation

1,00,000

LA maintenance charges

24,500

Municipal Taxes (10% of MRV of * 1,50,000)

7,500

15,000

(iv) Vacancy

10,000

(v) Repairs

18,000

(v) Pay of chowddar

1.000

(vi) Bank commission

500

(vi) Legal expenses on recovery of rent

8.000

(x) Salary of gardener

1.200

Answer 2

sorry sorryyyyyyy I don't know