Shri Pradeep Joshi purchased several properties on Ist April, 2018, the annual letting value of which amounts to 25,00,000. Including 7 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 residential house, 30,000 for vacancy allowance, 7 500 for ground rent and 7 8,000 for rent collection charges. Find out his income from house property for the assessment year 2019-20.
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Shri Pradeep Joshi purchased several properties on Ist April, 2018, the annual letting value of which amounts to 25,00,000. Including 7 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 residential house, 30,000 for vacancy allowance, 7 500 for ground rent and 7 8,000 for rent collection charges. Find out his income from house property for the assessment year 2019-20.
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