Q3. Two brothers Arun and Bimal are co-owners of a house property with equal share. The
property was constructed during the financial year 1998-1999. The property consists of eight
identical independent units and is situated at Cochin.
During the financial year 2018-19, each co-owner occupied one unit for residence and the
balance of six units were let out at a rent of Rs.10,000 per month per unit. The municipal
value of the house property is Rs. 8,00,000 and the municipal taxes are 20% of municipal
value, which were paid during the year. The other expenses were as follows: `Repairs Rs. 40,000
Insurance premium (paid) Rs. 15,000
Interest payable on loan taken for construction of house Rs. 3,00,000
One of the let-out units remained vacant for four months during the year.
Arun could not occupy his unit for six months as he was transferred to Chennai. He does
not own any other house. The other income of Mr. Arun and Mr. Bimal are Rs. 2,90,000 and Rs. 1,80,000,
respectively, for the financial year 2019-20.
Answers
Q3. Two brothers Arun and Bimal are co-owners of a house property with equal share. The
property was constructed during the financial year 1998-1999. The property consists of eight
identical independent units and is situated at Cochin.
During the financial year 2018-19, each co-owner occupied one unit for residence and the
balance of six units were let out at a rent of Rs.10,000 per month per unit. The municipal Q3. Two brothers Arun and Bimal are co-owners of a house property with equal share. The
property was constructed during the financial year 1998-1999. The property consists of eight
identical independent units and is situated at Cochin.
During the financial year 2018-19, each co-owner occupied one unit for residence and the
balance of six units were let out at a rent of Rs.10,000 per month per unit. The municipal
value of the house property is Rs. 8,00,000 and the municipal taxes are 20% of municipal
value, which were paid during the year. The other expenses were as follows: `Repairs Rs. 40,000
Insurance premium (paid) Rs. 15,000
Interest payable on loan taken for construction of house Rs. 3,00,000
One of the let-out units remained vacant for four months during the year.
Arun could not occupy his unit for six months as he was transferred to Chennai. He does
not own any other house. The other Q3. Two brothers Arun and Bimal are co-owners of a house property with equal share. The
property was constructed during the financial year 1998-1999. The property consists of eight
identical independent units and is situated at Cochin.
During the financial year 2018-19, each co-owner occupied one unit for residence and the
balance of six units were let out at a rent of Rs.10,000 per month per unit. The municipal
value of the house property is Rs. 8,00,000 and the municipal taxes are 20% of municipal
value, which were paid during the year. The other expenses were as follows: `Repairs Rs. 40,000
Insurance premium (paid) Rs. 15,000
Interest payable on loan taken for construction of house Rs. 3,00,000
One of the let-out units remained vacant for four months during the year.
Arun could not occupy his unit for six months as he was transferred to Chennai. He does
not own any other house. The other income of Mr. Arun and Mr. Bimal are Rs. 2,90,000 and Rs. 1,80,000,
respectively, for the financial year 2019-20. of Mr. Arun and Mr. Bimal are Rs. 2,90,000 and Rs. 1,80,000,
respectively, for the financial year 2019-20.
value of the house property is Rs. 8,00,000 and the municipal taxes are 20% of municipal
value, which were paid during the year. The other expenses were as follows: `Repairs Rs. 40,000
Insurance premium (paid) Rs. 15,000
Interest payable on loan taken for construction of house Rs. 3,00,000
One of the let-out units remained vacant for four months during the year.
Arun could not occupy his unit for six months as he was transferred to Chennai. He does
not own any other house. The other income of Mr. Arun and Mr. Bimal are Rs. 2,90,000 and Rs. 1,80,000,
respectively, for the financial year 2019-20.
EXERCISES
4. Fill in the blankes
1. Anything that is found in manure and has some of human
the portant for the
changing the properties of many rere
3 Natural resources like water bed
while some need to the proceed
4. The
wento na ide he
food has to be processed before it can
5. Along with educational expertise, healthy
population
Jelopment of a go
6. When the quality of education, sills and expertise up and
up and human being
more resources then it is called
de clopmen
7. Practical application of
to commence and indushable
I have to do a presentation on fedaration and communism can someone please let me know your ideas , any tips to present it better and the script for me to explain it properly (i'll mark you as a brainliest for sure) Thanks in advance
Answer:
let out -251700, Arun -385850, bimal-275850