Ramesh let-out his house on 1.4.2020 on rent of ₹ 15,000 p.m. The fair rent and the municipal value of house are ₹ 13,500 p.m. and ₹ 16,000 p.m. respectively. Municipal taxes paid for the year were ₹ 12,000. Income from house property for the AY 2021-22 will beta)
A. ₹ 1,26,000
B. ₹ 1,76,080
C. ₹ 1,05,000
D. None of the above
Answer:A
Ramesh let-out his house on 1.4.2020 on rent of ₹ 15,000 p.m. The fair rent and the municipal value of house are ₹ 13,500 p.m. and ₹ 16,000 p.m. respectively. Municipal taxes paid for the year were ₹ 12,000. Income from house property for the AY 2021-22 will beta)
A. ₹ 1,26,000 B. ₹ 1,76,080 C. ₹ 1,05,000 D. None of the above