Answer all questions by all students in your note book: -

1. Mr. Raju took a loan of Rs. 12 lakh @ 10% p.a. to construct

a house. The construction of the house is complete on 18th
July, 2019. The loan is not repaid. Compute interest
deduction if the house is
A) Let-out
B) Self-occupied (4 mark)
2. Mr. Sivan started the construction of a house on 1.6.2016
for which he took a loan of Rs. 3,00,000 @ 15% p.a. He
took another loan of Rs. 9,00,000 @ 18% on 1.4.2019. The
construction was completed on 30.11.19 and was self-
occupied from 1.12.19.
Compute income from H.P. if the municipal value is
Rs. 120000 and municipal tax paid is 10% of municipal
value (4 mark)
Note: - The following students must send the photo of
answer script –
Finance – 31 to 40
Co-operation - 86 to 96
Women’s - 21 onwards