Question

Mr.Ronaldo owns two building.From the following particulars compute his income from house property for the year 2017-2018

It has been let out at monthly rent of TK 20,000. The house is fully fumished having
required fumiture and fixture according to terms of agreement, owner is to bear cost of gas
bill and water charge which for the year amounted to TK. 9600 and TK. 5000
respectively. 1/3 of the buikling was used by the owix for his business. The municipal
value of the house is TK. 1,50000. He spent TK. 5000 for repair and paid municipal tax
TK 240

Second Buikling
It is let out at TK 30,000 per month. As per agreement the tenant bears the cost of repair
which amounted to TK 40,000 for the year. The house was vacant for two months, Cost of
collection of rem amounted to TK. 2,400​

Answer 1

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Explanation: