Question 1 :
MR. AMAN IS A OWMER OF A HOUSE WHICH IS SELF OCCUPIED . HOUSE WAS REPAIRED BY TAKING LOAN OF ₹ 5,00,000 FROM HDFC BANK @ 9% P.A ON 01/08/2018 AND IT WAS COMPLETED ON 30/06/2020. DURING PY 2020-21 HE PAID MUNICIPAL TAX ₹ 10,000. FIND HIS TAXABLE HP.
Question 2 :
MR. JANU IS A OWNER OF A FLAT WHICH IS LET OUT @ 50,000 P.M. . THE MUNICIPAL VALUE OF THE HOUSE WAS ₹ 40,000 PM FAIR RENT ₹ 35,000 PM & STANDARD RENT ₹ 44,000 PM. DURING THE YEAR HE PAID MUNICIPAL TAX ₹ 20,000 ON 01/04/2022. CALCULATE TAXABLE HP
Question 3 :
MR. SOHAM CONSTRUCTED A HOUSE BY TAKING LOAN ON 01/05/2015 OF ₹ 10,00,000 @8% P.A,. THE CONSTRUCTION OF HOUSE GOT COMPLETED ON 01/01/2019. DURING THE PREVIOUS YEAR 2020-21 HOUSE WAS LET OUT @ 40000 PM . MUNICIPAL TAX IS PAID BY TENANT IS 27,000.
Question 4 :
X owns a house property in Pune, details relating to which are Municipal value ₹ 2,00,000 p.a., Fair rent ₹ 1,80,000 p.a., Standard rent ₹ 2,10,000 p.a. It is let out throughout the previous year ( rent ₹ 15,000 pm till 01/10/2020 and there after 20,000 p.m) . House was constructed by taking loan from HDFC Bank ₹ 20,00,000 @ 10% p.a on 01/01/2010 and construction got completed on 31/03/2013 but till yet loan was not paid . Municipal tax was not paid for the year but of preceding year ₹ 10,000 with penalty of ₹ 2,000 was paid on 31/01/21. Find Taxable HP
Question 5 :
Anirudh has a property whose municipal valuation is 1,30,000 p.a. The fair rent is 1,10,000 p.a. and the standard rent fixed by the Rent Control Act is 1,20,000 p.a.
The property was let out for a rent of 11,000 p.m. throughout the previous year. Unrealised rent was 11,000 and all conditions prescribed by Rule 4 are satisfied. He paid municipal taxes @10% of municipal valuation. Interest on borrowed capital was 40,000 for the year. Compute his income from house property for A.Y. 21-22
Question 6 :
Prem owns a house in Madras. During the previous year 2021-22, 2/3rd portion of the house was self-occupied and 1/3rd portion was let out for residential purposes at a rent of 8,000 p.m. Municipal value of the property is 3,00,000 p.a., fair rent is 2,70,000 p.a. and standard rent is 3,30,000 p.a. He paid municipal taxes @10% of municipal value during the year. A loan of 25,00,000 was taken by him during the year 2017 for acquiring the property. Interest on loan paid during the previous year 2021-22 was 1,20,000. Compute Prem's income from house property for the A.Y. 2022-23.
Question 7 :
Mr. Raman is a co-owner of a house property along with his brother holding equal share in the property.
Municipal value of the property 160000 .
Fair rent 150000.
Standard rent under the Rent Control Act 170000.
Rent received 15000 p.m
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 has 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 for the AV 2022-23
Question 8 :
Mr. Vikas owns a house property whose Municipal Value, Fair Rent and Standard Rent are 96,000,1,26,000 and 1,08,000 (per annum), respectively. During the Financial Year 2021-22, one-third of the portion of the house was let out for residential purpose at a monthly rent of 5,000. The remaining two-third portion was self-occupied by him. Municipal tax @ 11% of municipal value was paid during the year. The construction of the house began in June, 2014 and was completed on 31-5-2017. Vikas took a loan of 1,00,000 on 1-7-2014 for the construction of building. He paid interest on loan @ 12% per annum and every month such interest was paid. Compute income from house property of Mr. Vikas for the Assessment Year 2022-23.
