| Rent of Property | 8000 |
| Municipal Valuation | 80000 |
| Municipal Taxes 30% | 24000 |
| Interest | 42000 |
| Fair Rent | 80000 |
| Actual Rent | 72000 |
| GAV | 72000 |
| Less | |
| Municpal Taxes | 120000 |
| NAV | -48000 |
| Standard Deduction 30% | 0 |
| Interest on Purchase of House | 42000 |
| Income from House Property | -90000 |
Written on Feb. 14, 2017, 7:44 p.m.