Syllabus 2016 (b) Amar (age 50) a resident has the following properties which are let out during the financial year 2021-22. Particulars Actual Rent (House 3 vacant for 2 months) Gross municipal value Fair rent Standard rent Municipal tax Sewerage tax P P House 1 3,00,000 2,40,000 2.70,000 2,10,000 10% 14.000 5% House 2 * 3,30,000 *3,00,000 * 3,30,000 *2,70,000 10% 10,000 5% House 3 73,00,000 * 3,30,000 * 3.00.000 4,20,000 10% 15.500 5% *1,65,500 Water tax 1,05,000 1.32,500 Interest on moneys borrowed Compute income from house property for the assessment year 2022-23.

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Calculating Income from House Property for Amar in AY 202223 Heres how to calculate Amars income fro... View the full answer