Question

X owns a house property. It is used throughout the previous year 2020-21 for his and his family) tial purpose. The Municipal value is Rs. 2. 50,000, standard rent Rs. 230,000 and fair rent of the y is Rs 2, 65,000 The following expenses are incurred by X, repairs. Rs 20, 000, municipal tax. 000, insurance: Rs 20, 000, interest on capital borrowed to construct the property Rs. 200, 000, on capital borrowed by mortgaging the property for daughter's marriage Rs 20, 000. In both e capital is borrowed prior to Ist April 1999. Income of X form salary is Rs 500,000. Find out the me of X for the assessment year 2021-22 3 Marks​

Answer 1

Answer:

basin robins I think I can t

Explanation:

haha I don't know what to tell me that I was going through the door to to sales for

Answer 2

Answer:

Assessment of Gross Annual Value of Let-Out House Property :

Step 1: Find out the Reasonable Expected Rent of the Property (A) ...

Step 2: Find out the Actual Rent Received or Receivable (B)

Step 3: Higher of (A) or (B), is the Gross Annual Value.