Ms. Padmaja let out a property for ₹ 20,000per month during the year 2020-21. The municipal tax on the let-out property was enhanced retrospectively. Hence, she paid ₹ 60,000 as municipal tax which included arrears of municipal tax of ₹ 45,000. Her income from house property is –
A. ₹ 80,000
B. ₹ 1,57,500
C. ₹ 1,26,000
D. ₹ 36,500
Answer:C
Ms. Padmaja let out a property for ₹ 20,000per month during the year 2020-21. The municipal tax on the let-out property was enhanced retrospectively. Hence, she paid ₹ 60,000 as municipal tax which included arrears of municipal tax of ₹ 45,000. Her income from house property is –
A. ₹ 80,000 B. ₹ 1,57,500 C. ₹ 1,26,000 D. ₹ 36,500