Q.3) Mr. Shree owns one residential house in Mumbai. The house is having two identical units. First unit of the house is self-occupied by Mr. Shree and another unit is rented for Rs.8,000 p.m. The rented unit was vacant for 2 months during the year. The particulars of the house for the previous year 2021-22 are as under: Standard Rent Rs.1,62,000 p.a. Municipal Valuation Rs.1,90,000 p.a. Fair Rent Rs. 1,85,000 p.a. Municipal Tax (paid by Mr. Shree) 15% of municipal valuation Light and water charges Rs.500 p.m. 2 of 3 Interest on borrowed capital Rs.1,500 p.m. Lease money Rs.1,200 p.a. Insurance Charges Rs.3,000 p.a Repairs Rs.12,000 p.a Compute Income from house property of Mr. Shree for the A.Y.2022-23.