Mr. Y, a resident in Bangladesh. During the income year 2020-21, Mr. Y owned one flat in Chattogram and one house in Dhaka. The flat in Chattogram was rented out, while Mr. Y used the house in Dhaka for residential purpose. In relation to the above, further information are provided below: Flat in Chattogram: i) It was let out on 1st July 2020 at a rent of Tk. 40,000 p.m. to a corporate house to be used for residential purpose for one of their directors ii) Assume actual repairs & maintenance cost as per the statutory limit iii) Mr. Y had taken a loan of Tk. 20,00,000 to construct the house on 1st July 2018 @ 9% interest. The construction was completed on 30 June 2020 and he started renting the house from 1st July 2020. The entire loan was outstanding on 30 June 2021 iv) On the rent a 5% withholding tax was applicable, which was borne by the tenant v) Assume annual value is equals to the municipal value Requirement: Compute the income chargeable under the head "Income from house property" as per applicable laws of Bangladesh with proper explanation where necessary in the hands of Mr. Y for the Assessment Year 2021-22.