Rajsekar owned three identical properties. He let out one property for a monthly rent of ₹50,000 during the financial year 2020-21. The other two properties are self-occupied by him. Compute his income under the head hou

CS Executive · Tax Laws · PYQS · June 2021
Rajsekar owned three identical properties. He let out one property for a monthly rent of ₹50,000 during the financial year 2020-21. The other two properties are self-occupied by him. Compute his income under the head house property for the assessment year 2021-22.
(A) ₹8,40,000
(B) ₹12,60,000
(C) ₹4,20,000
(D) ₹3,40,000

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax

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