Question
Mr. X owns a house property in Mumbai. The details of the property are as follows: The property is let out for residential purposes. The
Mr. X owns a house property in Mumbai. The details of the property are as follows:
The property is let out for residential purposes.
The annual rent received from the property is ₹3,00,000.
Municipal taxes paid during the year amounted to ₹20,000.
The interest on loan taken for the property was ₹1,80,000.
Compute the income from house property for Mr. X for the Assessment Year 2022-23.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To compute the income from the house property for Mr X for the Assessment Year 20222...
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Step: 2
Step: 3
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Introduction To Federal Income Taxation In Canada
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
33rd Edition
1554965020, 978-1554965021
