Q.2 Mr. Roy is the owner of 3 houses. Following are the particulars of these houses for the P.Y.2019-20 Ilouse Ilouse House No - 1 No-2 No-3 Used for Owner's Tenant's Tenant's Residence Business Residence Rs. Rs. Rs. Municipal Value 24,000 30,000 20.000 Rent received 36,000 24,000 Municipal tax paid by owner 2.400 3,000 2.000 2,000 4,000 3,000 Repair Charges paid by owner Insurance Premium Paid 250 300 200 Interest for loan taken - (i) For construction of the house 3.000 (ii) for relative's marriage 1.500 Compute income from house property of Mr. Roy for the assessment year 2020-21. 20 Q.3. (a) Mr, Yadav, the owner of a firm furnished the following information for the previous year 2019-20. Compute taxable Capital Gain for the Assessment year 2020-21. 10+10=20 (i) Asset type: Machinery (Depreciable) Rate of Depreciation 15% Written down value of the block on 1.04.2019 Rs. 2,00.000 Asset purchased on 1.10.2019 Rs. 1,50.000 Sale proceals of old Machinery (Book value as on 1.04.2019 - 1.20,000) Rs. 4,00.000 (ii) Asset Type : Lund Date of Acquisition Date of Sale Cost of Acquisition Sale proceeds 27.01.2002 22.03.2020 Rs. 6,00.000 Rs. 30,00,000