FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

10. Mrs. Sayani Mallick furnished the following information for the previous year 2020-21: House - I House - II Kolkata Let out 20.03.2014 Midnapur Self-occupied

image text in transcribed

10. Mrs. Sayani Mallick furnished the following information for the previous year 2020-21: House - I House - II Kolkata Let out 20.03.2014 Midnapur Self-occupied 25.08.2016 3,12,500 5,00,000 3,75.000 7,50,000 9,00,000 Where situated Purpose of use Construction completed on Gross Municipal Value (3) Fair rent (3) Annual rent (3) Standard rent) Vacancy period Municipal tax ) Interest on loan ) Loan taken for construction @8% p.a.) (Date of taking the loan) 6,87,500 3 months 40,000 15,000 31,250 25,00,000 (30.09.12) Other information: In case of House - I, municipal tax for the last quarter remains unpaid. Compute 'Income from house property for Mrs. Mallick for the Assessment Year 2021-22. 11+7+2

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting And Auditing Research Tools And Strategies

Accounting And Auditing Research Tools And Strategies

Authors: Thomas R. Weirich, Thomas C. Pearson, Natalie Tatiana Churyk

10th Edition

1119698138, 9781119698135

More Books

Students also viewed these Accounting questions

Question

★★★★★
Below is a listing of account balances taken from the adjusted ledger account balances of Jolley Manufacturing Corporation. All revenues and expense accounts have been closed to Retained Earnings....

Answered: 1 week ago

Question

★★★★★
Does the term last-in in the LIFO method mean that the items in the inventory are assumed to be the most recent (last) acquisitions? Explain.

Answered: 1 week ago

Question

★★★★★
In each of the following cases, identify the value of c so that the function f is a probability density (f vanishes outside the range of values indicated below). (i) f(x)=3c 1, - (ii) f(x) = c(1-x),...

Answered: 1 week ago

Question

★★★★★
Barry Swifter is 60 years of age and considering retirement. Barrys retirement portfolio currently is valued at $750,000 and is allocated in Treasury bills, an S&P 500 index fund, and an...

Answered: 1 week ago

Question

★★★★★
The following accounts are denominated in rubles as of December 31, 2024. For reporting purposes, these accounts need to be stated In U.S. dollars. For each account, Indicate the exchange rate that...

Answered: 1 week ago

Question

★★★★★
Yaeger Ltd prepares monthly cash budgets. Relevant data from operating budgets for 2020 are: Janoary February Sales $360,000 $400,000 Direct material purchases $125,000 $130,000 Direct Labour $90,000...

Answered: 1 week ago

Question

★★★★★
Exercise 10-6 Various liabilities LO2 Designer Architects had the following additional information at its November 30, 2020 year-endi a. The Unearned Revenue account showed a balance of $74,000,...

Answered: 1 week ago

Question

★★★★★
The following statements were printed in journal articles in the field of psychology. Explain to a person who is unfamiliar with the concept of confidence intervals what each statement means. "The...

Answered: 1 week ago

Question

★★★★★
Can you help me answer this mathematical questions related to data management? Thank you so much!!! IS MMW Module 7 Post Task 2nd SE X _> Course Modules: Mathematics in X + X C A...

Answered: 1 week ago

Question

★★★★★
Instructions: 1. You must write the title of the case and the bibliographic record. 2. Mention the parties involved in the case, duly identified as plaintiffs or defendants, etc. 3. What is the main...

Answered: 1 week ago

Question

★★★★★
1.Two equal-sized newspapers have an overlap circulation of 10% (10% of the subscribers subscribe to both newspapers). Advertisers are willing to pay $8 to advertise in one newspaper but only $15 to...

Answered: 1 week ago

Question

★★★★★
5.43 Given a random sample size of n = 400 from a binomial probability distribution with P = 0.20 do the following: a. Find the probability that the percentage of successes is greater than 0.25. b....

Answered: 1 week ago

Question

★★★★★
In Example 4.12 we showed how to compute the probability of the number of boats arriving at a grain shipping dock in Churchill Manitoba using the Poisson probability distribution. In this example we...

Answered: 1 week ago

Question

★★★★★
5.47 A hospital finds that 25% of its accounts are at least 1 month in arrears. A random sample of 450 accounts was taken. a. What is the probability that fewer than 100 accounts in the sample were...

Answered: 1 week ago

Previous Question Next Question