10-mark question · Part C · Law of Taxation

A has a house property which was let out during the financial year 2016-17, at Rs. 25,000/- p.m. He paid municipal tax Rs. 6,000/- p.a., premium on fire insurance Rs. 3,500/-, and paid house loan principal Rs. 30,000/- and interest Rs. 65,000/- p.a. from HDFC. Compute the net taxable income from house property for the assessment year 2017-18.

Appeared in

• Law of Taxation · April/May 2017 Mapped paper Download

Mapped topics

• Previous year, assessment year and the charging section — Unit I
• Salary and income from house property — Unit II
• Returns, assessment, reassessment and collection — Unit IV

Mapped case laws