Question
Wasim Akram owns a house at Dhanmondi. The municipal value of the house is Tk.200,000. It has been let out at Tk.20,000 per month. As
Wasim Akram owns a house at Dhanmondi. The municipal value of the house is Tk.200,000. It has been let out at Tk.20,000 per month. As per conditions the tenant is to bear the cost of gas and water bill Tk.20000 per year. Following were the expenses for the house for the year 2019-20: a) City corporation tax Tk.16,000. b) Fire Insurance premium Tk.14,000 c) Salary of guard Tk.38,000 d) Water charge Tk.15,000 e) Interest on loan from HBFC Tk.27,000 f) Land revenue Tk.6000 g) Installation of generator Tk.25,000 h) Ground rent Tk.10,000 The house was vacant for two months. Compute taxable amount of the house.
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