Satish aged 45 years is having a house property at Hyderabad. The municipal valuation is Rs.12,50,000 & fair rent of the property is Rs.11,00,000. The standard rent is Rs.11,50,000. He let out the property for a rent of Rs.1,05,000 per month during the financial year 2022-23. Rent of March could not be realized despite all efforts, as the tenant have vacated the property. All the conditions for unrealized rent were satisfied. He has paid the municipal taxes of Rs.2,30,000. He had paid an interest of Rs.2,50,000 during the year for the amount borrowed for construction of the property. Compute the income from house property for Assessment Year 2023-24 ? (Assessee has not opted for section 115BAC) :
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