(Shri Pradeep Joshi purchased several properties on 1st April, 2017, the annual letting value of which amounts to 25,00,000 including 5,00,000 for a bungalow where he resides. He claims the following expenses in addition to the statutory allowance for repairs viz, 12,000 for insurance premium, 78 000 for interest on loan taken to reconstruct the residental house, 30,000 for vacancy allowance 500 for ground rent and 8,000 for rent collection charges. Find out his income from house property for the asessment year 2018-19.)
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Shri Pradeep Joshi purchased several properties on 1st April, 2017, the annual letting value of which amounts to 25,00,000 including 5,00,000 for a bungalow where he resides. He claims the following expenses in addition to the statutory allowance for repairs viz, 12,000 for insurance premium, 78 000 for interest on loan taken to reconstruct the residental house, 30,000 for vacancy allowance 500 for ground rent and 8,000 for rent collection charges. Find out his income from house property for the asessment year 2018-19.)
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