Sreelekha let out a property on rent from 01.08.2020 which was self-occupied previously for residential purposes. The actual rent was ₹30,000 per month. The municipal value was ₹35,000 per month. The fair rent is ₹40,000
CS Executive · Tax Laws · PYQS · June 2021
Sreelekha let out a property on rent from 01.08.2020 which was self-occupied previously for residential purposes. The actual rent was ₹30,000 per month. The municipal value was ₹35,000 per month. The fair rent is ₹40,000 per month. Standard rent under the Rent Control Act is ₹32,000 per month. What is her income under the head "house property" for the assessment year 2021-22.
Answer & Explanation:
The official key records '*'. This question is excluded from automatic grading because the source does not supply an unambiguous valid choice. Official source note: None of the option are correct. Correct Answer is ₹ 2,68,800.
Topics: Income Tax
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