Ms. Prerna is having a residential house property in Nagpur, of which 1/3 rd is self-occupied and 2/3 d is let out for commercial purposes at a…

Ms. Prerna is having a residential house property in Nagpur, of which 1/3 rd is self-occupied and 2/3 d is let out for commercial purposes at a monthly rent of 12,000. Fair rent (for let out portion only) was - 30,000 p.m., Municipal value for the property was - 2,40,000 and standard rent under the Rent Control Act was - 3,00,000 for the entire property. Municipal taxes are 10% of municipal valuation and are paid by her on 30 th July, 2023. She took a loan of 45,00,000 for the construction of this house from a scheduled bank on 1.4.2021. She repaid the entire loan along with interest on 30.6.2023. The interest rate for this loan was 10% p.a. The construction was completed on 30 th June, 2022. She earns other income of 2,00,000 during the previous year 2023-24. She wishes to opt for 1 default tax regime. Based on the above information, answer multiple choice question no. 1-3: