Mr. Pradip completed construction of a residential house on 1.4.2011.

Interest paid on loans borrowed for purpose of construction during the 2 years prior to completion was Rs. 40,000. The house was let-out on a monthly rent of Rs. 4,000.

Property was vacant for 3 months.

Compute the income under the head “Income from House Property” for the A.Y. 2012-13.