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indian income tax Q.2 Mr. Roy is the owner of 3 houses. Following are the particulars of these houses for the P.Y .2019-20 : House

indian income tax

Q.2 Mr. Roy is the owner of 3 houses. Following are the particulars of these houses for the P.Y .2019-20 : House House House No - 1 No 2 No 3 Used for Owners Tenants Tenants Residence Business Residence Rs. Rs. Rs. Municipal Value 24,000 30,000 20,000 Rent received __ 36,000 24,000 Municipal tax paid by owner 2,400 3,000 2,000 Repair Charges paid by owner 2,000 4,000 3,000 Insurance Premium Paid 250 300 200 Interest for loan taken - (i) For construction of the house __ 3,000 __ (ii) for relatives marriage __ __ 1,500 Compute income from house property of Mr. Roy for the assessment year 2020-21.

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