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

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

NIL Notes : (1) Loss under the head house property 42.160 It is assumed that all the three units are independent units and thus are being treated us separate houses. (2) Interest on loan taken to construct the house-being used in own business Le.. 1/3rd of %6,000 shall be treated as business expenditure. ILLUSTRATION bole Following are the particulars of 2 let out 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 horrowed for the purchase of house

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