Mr. Kumar owns a commercial building in Rajasthan, which is let out on 1st April, 2020 at a monthly rent of ₹30,000. He paid for municipal taxes of ₹15,000 and ₹20,000 for the financial year 2019-20 and 2020-21 on 31st M

CS Executive · Tax Laws and Practice · PYQS · December 2021
Mr. Kumar owns a commercial building in Rajasthan, which is let out on 1st April, 2020 at a monthly rent of ₹30,000. He paid for municipal taxes of ₹15,000 and ₹20,000 for the financial year 2019-20 and 2020-21 on 31st March, 2021 and 1st May 2021 respectively. What is the net income chargeable under income from house property for assessment year 2021-22?
(A) ₹2,41,500
(B) ₹2,27,500
(C) ₹2,38,000
(D) ₹2,52,000

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Income Tax Act, 1961

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