Programme Code : BDP
Course Code : ECO-11
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Year : 2012 Views: 810 Submitted By : Dipanshu On 12th December, 2012

Do you have solution for this Question. If yes    I aslo want solution.

Q.


Mr. Virani owned a house property at 

Chennai which was occupied by him for the purpose of his residence. He was transferred to Mumbai in June, 2009 and therefore he let out the property vv.e.f. 1st July, 2009 on a monthly rent of Rs. 3,000. The municipal tax payable in respect of the property @ 20% of the expected rent of Rs. 30,000 was Rs. 6,000 of which he paid 50% before 31-3-2010. Interest on money borrowed for the construction of the property amounted to Rs. 20,000. It was duly paid, and he spent Rs. 7,000 on repairs. Compute his taxable income from house property for the assessment year 201041.


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