Posted by: Pdfprep
Post Date: February 26, 2021
Mr. Pradip completed construction of a residential house on 1.4.2011.
Interest paid on loans borrowed for purpose of construction during the 2 years prior to completion was Rs. 40,000. The house was let-out on a monthly rent of Rs. 4,000.
Property was vacant for 3 months.
Compute the income under the head “Income from House Property” for the A.Y. 2012-13.
A. Rs 1000
B. 1500
C. 5000
D. 3500
Answer: A