Q3. Surender (age 60 years) owns two houses. The details of the two houses for financial year 2019-20 are as follows: Particulars House ! House 11 4,50,000 4,80,000 3,00,000 3,30,000 4,20,000 3,15,000 Municipal Valuation Fair Rent Standard Rent Annual rent Vacancy period Municipal Taxes paid: Municipal Taxes paid by the tenant Self occupied 3,11,400 2 months 30,000 75,000 50% He has taken a loan of 22,50,000 from HDFC Bank @ 12% p.a. on May 15, 2015 for the construction of House I. The construction was completed on 1" February, 2019. Date of repayment of loan is 1 November,2019. Rajat provides details of other income as follows: Monthly Pension 75,000; Royalty received from authorship 3,50,000. Interest on savings bank deposit 15,000; interest on Fixed Deposit 90,000; winnings from game show 12,50,000. Compute the total income and tax liability of Rajat for the assessment year 2020-21