Nov'06 construction completed .
1/11/02-loan taken - Rs 3,00,000 @ 18% p.a.
30/11/05 - another loan taken - Rs 200000 @ 15% p.a. which was utilised with cash to repay the original loan .
Municipal taxes paid - Rs 15,000
COMPUTE THE INCOME U/H HOUSE PROPERTY ..
please solve this quest. .. m really very confused in its solution ...
in this Q u have to calculate total interest before complition of constuction that is
300,000*18%=54000*4yr=216000
200,000*15%=30000
total interest =216000+30000=246000
each installment which is deducted from construction complition yr=246000/5 =49200
ya .. bUt i want it for A/Y 2010-11 ..
and the naswer is (200)
which is nt coming ..
CAclubindia
