Rohit owns a house property in Delhi. From the particulars given below, compute the income from house property for the assessment year 2020-21: Rs. Municipal Value 2,00,000 Fair Rent 2,52,000 Standard Rent 2,40,000 Actual Rent (Per Month) 23,000 Municipal Taxes 20% of Municipal Value Municipal Taxes Paid during the year 50% of tax levied Expenses on Repairs 20,000 Insurance Premium 5,000 Rohit had borrowed a sum of Rs. 12,00,000 @ 10% p.a. on July 1, 2017 and the construction of the property was completed on February 28, 2019.
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