Income from house property

jayant Mahajan (20 Points)

27 March 2020  
Mr. laxman Owns a house property at jalgaon property is dividend in 2nd equal unit 1st and unit 2nd. while unit 1st is self occupied and unit 2nd is let out. Details of property (unit 1st and unit 2nd) Municipal value Rs 1,78,000,p.a.fair rent Rs 1,70,000 p.a. standard rent Rs 1,82,000 p.a. Annual rent Rs 90,000 p.a. Reports Rs 10,000. Insurance Rs 10,000.Municipal tax imposed at 10 percent. calculate income from house property.