.....Poorna has one house property at Indira Nagar in Bangalore. She stays with her family in the house. The rent of similar property in the neighbourhood is ` 25,000 p.m. The municipal valuation is ` 23,000 p.m. Municipal taxes paid is ` 8,000. The house construction began in February 2011 with a loan of ` 20,00,000 taken from SBI Housing Finance Ltd. The construction was completed on 30.11.2013. The accumulated interest up to 31.3.2013 is ` 1,50,000. During the previous year 2017-18, Poorna paid ` 2,40,000 which included ` 1,80,000 as interest. Compute Poorna’s income from house property for A.Y. 2018-19.
Dec. 08, 2017
