Mr. Rohan owns a residential building situated in Pune. The property is divided such that he uses one-third (1/3rd) of it for his own residence,…

Mr. Rohan owns a residential building situated in Pune. The property is divided such that he uses one-third (1/3rd) of it for his own residence, while the remaining two-thirds (2/3rd) is rented out for commercial use, fetching a monthly rent of ₹ 12,000. For the let-out segment alone, the fair rent is estimated at ₹ 30,000 per month. Looking at the property as a whole, the municipal valuation stands at ₹ 2,40,000, and the standard rent applicable under the Rent Control Act is ₹ 3,00,000. On 30th July, 2025, he paid the municipal taxes, which amounted to 10% of the municipal value. To fund the construction of this residential building, Mr. Rohan had availed a loan of ₹45,00,000 from a scheduled bank on the 1st of April, 2023, carrying an annual interest rate of 10%. The construction of the building completed on 30th June, 2024. Subsequently, he repaid the entire principal loan amount along with the accrued interest on 30.6.2025. During the previous year 2025-26, he earned an additional income of ₹2,00,000 from other sources. He is paying tax under the default tax regime.