1 / 4

Mrs Parab owns a house which is let out for residential purposes

Assignment Solutions, Case study Answer sheets <br>Project Report and Thesis contact<br>aravind.banakar@gmail.com<br>www.mbacasestudyanswers.com<br>ARAVIND – 09901366442 – 09902787224<br><br>INCOME TAX MANAGEMENT<br><br>CASE STUDY : 3<br>Mrs Parab owns a house which is let out for residential purposes. The construction of<br>the house is completed in June 2005. The annual letting value of the house is Rs<br>1,06,000. Municipal tax is Rs 26,000. On 1-4-2003 she had borrowed Rs 60,000 at<br>15% interest and spent it on the construction of the house, so far nothing has been<br>repaid.<br><br>Question :<br>1) Calculate her income from house property.<br>2) Calculate interest on borrowed capital<br>3) Explain “Annual Value” U/s 23(1) of the Income Tax Act<br>4) State various expenses and allowances that are deductible under the Income Tax Act 1961 to compute “Income from House Property”.<br><br>Assignment Solutions, Case study Answer sheets <br>Project Report and Thesis contact<br>aravind.banakar@gmail.com<br>www.mbacasestudyanswers.com<br>ARAVIND – 09901366442 – 09902787224<br><br><br>

salesmbacasestudyhelp
Télécharger la présentation

Mrs Parab owns a house which is let out for residential purposes

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Income Tax ManagementDr. Aravind Banakar9901366442 – 9902787224

  2. Income Tax Management CASE STUDY : 3 Mrs Parab owns a house which is let out for residential purposes. The construction of the house is completed in June 2005. The annual letting value of the house is Rs 1,06,000. Municipal tax is Rs 26,000. On 1-4-2003 she had borrowed Rs 60,000 at 15% interest and spent it on the construction of the house, so far nothing has been repaid.

  3. Question : • Calculate her income from house property. 2) Calculate interest on borrowed capital 3) Explain “Annual Value” U/s 23(1) of the Income Tax Act 4) State various expenses and allowances that are deductible under the Income Tax Act 1961 to compute “Income from House Property”.

  4. Global Study Solutions Dr. Aravind Banakar aravind.banakar@gmail.com www.mbacasestudyanswers.com 9901366442 – 9902787224

More Related