Question 3: Mr. Raman is a co-owner of a house property along with his brother. Municipal value of the Property * 1,60,000 * 1,50,000 Standard rent under Rent Control Act *1,70,000 * 15,000 p.m. Fair Rent Rent received The loan for the construction of this property is jointly taken and the interest charged by the bank is * 25,000 out of which * 21, 000 have been paid. Interest on the unpaid interest is * 450. To repay this loan, Raman and his brother have taken a fresh loan and interest charged on this loan is 5,000. The Municipal Taxes of 5,100 have been paid by the tenant. Compute the income from this property chargeable in the hands of Mr. Raman