Let-out house: annual value Rs 2,00,000, interest Rs 80,000. Income?
ARs 60,000
BRs 1,40,000
CRs 1,20,000
DRs 40,000
Answer & Solution
Correct answer: A. Rs 60,000
Less 30 per cent (60,000) and interest 80,000 from 2,00,000 leaves Rs 60,000.
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