Mr. Hassan has rented out a house at a monthly rent of Rs. 20,000. During the year
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Question:
Mr. Hassan has rented out a house at a monthly rent of Rs. 20,000. During the year the company incurred the following expenses in respect of the house:
Repair of house Rs. 15,000
Insurance premium 10,000
Property tax Rs. 6,000
Interest on loan from HBFC Rs. 12,000
Legal expenses Rs. 2,000
Compute the amount which is chargeable to tax under the head "Income from Property".
Related Book For
Canadian Income Taxation planning and decision making
ISBN: 9781259094330
17th edition 2014-2015 version
Authors: Joan Kitunen, William Buckwold
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