Numerical

Mr. 5.5 Walia owns three house properties ar Chandigarh Property I is self occupied Property II is let out for residential purposes and Property III has three identical units tinit X is let out for full year Unit Y is used for business and Uni Zis iet out for 5 months and self occupied for 7 months. The particulars of these properties are given below Municipal Rental Value Actual Rent 60,000 pa NIL Fair Reni (annual) Date of Completion Municipal Taxes (paid) Repairs Collection Charges Fire Insurance Premium paid Imerest on Loan taken for construction 72,000 1-6-2016 12,000 7,600 NIL 3,000 30,000 pa 1,02,000 1-2-2017 8.000 6.000 3,000 Mr Walia had taken loan for construction of house I on 1-4-2012 The amount of loan was ₹ 3,00.000 10% pa. During the year 2018-19 a tenant of property II failed to pay rent of 18.000 inspite of all efforts The Assessing Officer is satisfied about the claim of this rent. Compute the total income of Mr. Walia for the assessment year 2021-22 if his income from all other sources was 2.40.000 1.80.000 p.a. 90,000 pa 7,000 pm.. 6,000 p.m. each for unit X & Z 1-5-2017 24.000 28,000 3.600 6.000 50.000 pa 48,000 p.a. 5.000
p.a