Mr. Shiva gifted a let-out building which fetches rental income of ₹ 10,500 per month to his son’s wife on 1.11.2019. The municipal tax on 6,000 on the property was paid on 10.1.2021. The total income from all other sources (computed) amounts to ₹ 2,60,000 except income from above said property. His total income chargeable to tax is:
A. ₹ 3,11,450
B. ₹ 3,44,000
C. ₹ 3,80,000
D. ₹ 3,33,500
Answer:B
Mr. Shiva gifted a let-out building which fetches rental income of ₹ 10,500 per month to his son’s wife on 1.11.2019. The municipal tax on 6,000 on the property was paid on 10.1.2021. The total income from all other sources (computed) amounts to ₹ 2,60,000 except income from above said property. His total income chargeable to tax is:
A. ₹ 3,11,450 B. ₹ 3,44,000 C. ₹ 3,80,000 D. ₹ 3,33,500