Tisha owned house property in the Dhanmondi area, which was let out to a company with a monthly rent of Tk. 60,000. The annual value of the apartment assessed by the city corporation was Tk. 5,00,000. She expensed Tk. 1,65,000 as repair and maintenance for the apartment and paid Interest Tk. 5,75,000 against a home loan to buy the condo. The Tenant deducted Tax at source from the rent at the applicable rate. She paid quarterly municipal tax Tk. 3,000 Ms. Sadia contributed Tk. 1,02,000 to provident fund. She paid Life insurance premium Tk. 46,000. She purchased shares of listed company Tk. 2,10,000. Based on the information, calculate the total income from house.

Tisha owned house property in the Dhanmondi area, which was let out to a company with a monthly rent of Tk. 60,000. The annual value of the apartment assessed by the city corporation was Tk. 5,00,000. She expensed Tk. 1,65,000 as repair and maintenance for the apartment and paid Interest Tk. 5,75,000 against a home loan to buy the condo. The Tenant deducted Tax at source from the rent at the applicable rate. She paid quarterly municipal tax Tk. 3,000 Ms. Sadia contributed Tk. 1,02,000 to provident fund. She paid Life insurance premium Tk. 46,000. She purchased shares of listed company Tk. 2,10,000. Based on the information, calculate the total income from house.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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