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Mr X owns a house property in Mumbai - India. The details of the property are as follows : - The property is let out

Mr X owns a house property in Mumbai - India. The details of the property are as follows :

- The property is let out for residential purposes

- The annual rent received from the property is 300000

- Municipal taxes paid during the year amounted to 20000

- The interest on loan taken for the property was 180000.

Would there be a standard deduction on NAV given for Mr. X? What would be the final income from house for the assessment year 2022-23. ?

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