Question: NIL Loss under the head house property 42.160 Notes : (1) It is assumed that all the three units are independent units and thus are

NIL Loss under the head house property 42.160 Notes : (1)

NIL Loss under the head house property 42.160 Notes : (1) It is assumed that all the three units are independent units and thus are being treated a separate houses (2) Interest on loan taken to construct the house-being used in own business Le, 1/3rd of 96,000 shall be treated as business expenditure. ILLUSTRATION, bobo Following are he particulars of 2 let our houses of Mr. Ashok Jain House-A House-B Municipal valuation Fair Rental Value Standard Rent Actual Rent Unrealized rent of current year Vacancy Municipal Taxes Actually paid Due but not paid Repairs Insurance premium 4.20.000 3.60.000 4,40,000 4.80,000 40.000 2 months 350.000 3.80.000 3.20.000 4.20.000 35.000 2 months 12.000 30.000 10.000 12.000 8.000 25.000 10,000 8,000 6.000 10.000 60.000 Other expenses Interest on money borrowed for the purchase of house

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